Exclusive: Brazil energy trading firm 2W hires banks for $282 million IPO

SAO PAULO (Reuters) – Brazilian energy trading firm 2W Energia has hired banks to manage an initial public offering which may reach up to 1.5 billion reais ($281.48 million), three sources with knowledge of the matter said on Thursday. Investment banking units of Banco BTG Pactual SA, XP Inc, Bank of America and Credit Suisse […]

Commentary: Israel boycott ban is not about free speech

Can U.S. state governments withhold public contracts or financial investments from companies that boycott Israel? Twenty-six states have laws and regulations to this effect (legislation is pending in 13 more), but the American Civil Liberties Union has recently brought suits on behalf of plaintiffs in four states who object to this condition, claiming it infringes […]

Haymaker and Arko combine to expand U.S. convenience store business

JERUSALEM (Reuters) – Haymaker Acquisition Corp II (HYAC.O) has agreed to acquire Israel’s Arko Holdings (ARKO.TA) and its majority-owned U.S. convenience store chain GPM in a deal that would value the combined entity at $1.5 billion, the companies said on Monday. Arko owns 68% of GPM Investments, which operates 1,272 convenience stores and delivers fuel […]

A coronavirus vaccine won't work if people don't take it

If a vaccine for coronavirus is developed tomorrow, will you take it? Many people won’t. According to recent polls, three-quarters of Americans intend to get the vaccine if one becomes available – woefully short of what we’ll need to protect our communities. As a paediatrician, I meet all kinds of parents who have concerns about […]

Brazilian insurer Sul America concludes $600 million sale of some units to Allianz

RIO DE JANEIRO (Reuters) – Brazilian insurer Sul America SA (SULA11.SA) has concluded its 3.18 billion reais ($597 million) sale of its auto unit and other businesses to Germany’s Allianz SE (ALVG.DE), it said in a securities filing on Friday. The deal was originally announced in August 2019. The sale will appear in the company’s […]

The Recessionals: Why Covid-19 is another cruel setback for millennials

SAN FRANCISCO • Mr Nick Andersen packed up his life in Charleston, South Carolina, and headed south for a new job and a new start. On March 1, he signed a one-year lease on an apartment in Miami. Within two weeks of taking up his position at a financial software company, he was working from […]

Airdrie rallies and repaints Pride walkway after acts of vandalism

It was such a painful symbol of hate: targeted vandalism that impacted the LGBTQ+ community and its allies. There were two consecutive attempts to deface Airdrie’s rainbow walkway. Many people in the community were in disbelief. The pathway was spray-painted with homophobic graffiti, and in a separate incident, someone tarred and feathered a section of […]

Masmovil buyers secure first leveraged loan since COVID-19 crisis

LONDON/MADRID (Reuters) – The private equity consortium behind the mooted acquisition of Spanish telecoms firm Masmovil (MASM.MC) has secured a 2 billion euro ($2.3 billion) loan towards that deal, helping revive a leveraged loan market that has taken a beating this year. The seven-year loan, which will be issued by Masmovil but go towards financing […]

Temasek-led investor group in $250 million vaccine bet on Germany's BioNTech

FRANKFURT (Reuters) – Singapore’s sovereign wealth fund Temasek and other investors are injecting $250 million into German biotech company BioNTech, which is developing an experimental vaccine against the coronavirus with pharmaceutical giant Pfizer. The investment, which BioNTech said was via a private placement, reflects heightened investor interest in the race to develop an agent that […]