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FILE PHOTO: A general view of the Abu Dhabi skyline is seen, December 15, 2009. REUTERS/Ahmed Jadallah
DUBAI (Reuters) - Abu Dhabi’s state-owned ADQ has lined up a small group of banks for a loan of about $1 billion to back its acquisition of a 45% stake in commodities trader Louis Dreyfus Co (LDC), three sources familiar with the matter said.
ADQ said in November it had signed an agreement to acquire an indirect 45% equity stake in LDC, in what would be the first outside investment in the family-owned commodity merchant’s 169-year history.
The planned acquisition financing will likely be provided by a small group of banks including Emirates NBD, First Abu Dhabi Bank, Intesa Sanpaolo, and Natixis, two of the sources said.
Brazil's Health Ministry will deliver 140 million doses of COVID-19 vaccines between now and the end of May, lower house speaker Arthur Lira said on Monday, without giving details on where they will come from.
Saudi Aramco has asked banks to extend by a year a $10 billion loan it raised last May, two sources familiar with the matter said, suggesting that rebounding crude prices are not pushing the oil giant to reduce debt for the time being.
By Reuters Staff
(Adds details, updates prices)
MOSCOW, March 1 (Reuters) - The Russian rouble firmed on Monday, pricing in rising oil prices and appetite for riskier assets, as the Moscow Exchange opened three hours earlier than previously in a move to capture more Asian investors.
At 1304 GMT, the rouble was 0.7% stronger against the dollar at 74.10. Versus the euro, it gained 0.8% to trade at 89.30, having earlier touched its strongest level in more than a week of 89.1725.
“The rouble’s further dynamics will be determined by investors’ general attitude towards emerging market assets as well as oil price dynamics,” said Renat Malin, head of investment at Sberbank Asset Management.
Major sovereign bonds rallied across the globe on Monday and the U.S. 10-year yield backed off from its recent high after a surge that shook up global markets last week.