Breakingviews
By Reuters Staff
2 Min Read
Window cleaners wash the exterior of an office building in Gdansk, Poland October 24, 2019. Picture taken October 24, 2019.
(The author is a Reuters Breakingviews columnist. The opinions expressed are their own.)
LONDON (Reuters Breakingviews) - WORTH MORE. German property funds CPI Property and Aroundtown are attempting a cheeky raid on eastern European offices. The duo, which collectively own 51.5% of UK-listed Globalworth Real Estate Investments, offered on Wednesday to buy the remainder of the Poland- and Romania-focused group for just under 1.6 billion euros. At first glance, their 7 euro per share bid, a 19% premium to Globalworth’s undisturbed price, looks reasonable. Initial appearances, however, can be deceptive.
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Vancouver, British Columbia (Newsfile Corp. - April 14, 2021) - Global Wellness Strategies Inc. (CSE: LOAN) (FSE: O3X4) (OTCQB: PNNRD) (formerly Redfund Capital Corp.)
(Updates prices, adds quotes)
HANOI, April 14 (Reuters) - Shanghai aluminium rose to a near 10-year high on Wednesday while London prices also advanced amid speculation top producer China will limit output to meet its green targets.
The most-traded May aluminium contract on the Shanghai Futures Exchange rose as much as 2.7% to 18,045 yuan ($2,759.47) a tonne, its highest since August 2011, before retreating to trade up 1.2% at 17,790 yuan a tonne at 0526 GMT.
Three-month aluminium on the London Metal Exchange rose 0.4% to $2,303 a tonne, having hit $2,313.50 a tonne, its highest since June 2018, earlier in the session.
Traders said there were market talks that China’s Xinjiang region will limit output of aluminium, an energy intensive industry, as the country strives to curb pollution.
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