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Cash-strapped El Al Israel Airlines raises $77 million in options sale

2 Min Read JERUSALEM (Reuters) - El Al Israel Airlines said on Tuesday it raised 250 million shekels ($77 million) in a sale of options on the Tel Aviv Stock Exchange, meeting a key condition for a state-backed loan needed to repay the flag carrier’s debts. FILE PHOTO: An Israel El Al airlines plane is seen after its landing following its inaugural flight between Tel Aviv and Nice at Nice international airport, France, April 4, 2019. REUTERS/Eric Gaillard/File Photo The airline said some $...
Israel General Tel Aviv Eli Rozenberg Steven Scheer Avigal Soreq Jonathan Oatis

UK pubs group Mitchells & Butlers to raise $486 million

By Reuters Staff 2 Min Read FILE PHOTO: Customers are seen at a table outside The Island Queen pub, which is run by Mitchells & Butlers, amid the outbreak of the coronavirus disease (COVID-19) in Islington, London, Britain, September 24, 2020. REUTERS/Simon Newman (Reuters) - UK pub operator Mitchells and Butlers (M&B) said on Monday it will raise 350 million pounds ($485.98 million) in new equity under a deal with creditors and its main investors that also includes 150 million pounds in new cr...
Tanishaa Nadkar Devika Syamnath Thomson Reuters Trust Principles Elpida Group Piedmont Inc Smoothfield Holding

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Financial Media Ignores American Publicly-Traded Cannabis Stocks in Misguided Rally – New Cannabis Ventures

February 14, 2021 at 10:56 am You’re reading a copy of this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. The newsletter includes unique insight to help our readers stay ahead of the curve as well as links to the week’s most important news. Friends, We can’t say we are surprised by what’s going on, as we first explained in October why the Canadian cannabis operators would benefit from perceived opportunities in ...
United States Alan Brochstein Christopher Hohn David Klein Barak Markus Alan Joel

Brazil's waste processor Orizan concludes $103 million IPO

By Reuters Staff 1 Min Read SAO PAULO, Feb 11 (Reuters) - Brazil’s Orizan Valorizacao de Residuos SA, which turns waste into biofuel, has concluded a 554 million reais ($103.23 million) initial public offering, according to a securities filing on Thursday. Orizan priced its offering at 22 reais per share, compared with an indicative range of 20 reais to 27 reais per share. The company raised 381.4 million reais, while shareholders sold 172.6 million reais in stock. ($1 = 5.3665 reais) (Report...
Sam Holmes Aluisio Alves Thomson Reuters Trust Principles Orizan Valorizacao De Residuos Thomson Reuters Trust Orizon Valorizac

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