Page 92 - Stk News Today

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(Bloomberg) -- Abu Dhabi National Oil Co. and Amsterdam-based partner OCI NV plan to raise up to 3 billion dirhams ($830 million) by listing their fertilizer venture amid a boom in prices for farming feedstock and other chemicals. The companies set a price range of 2.45 to 2.

(Bloomberg) -- The bonds of German real estate companies have fallen on concern that Adler Group SA’s recent woes may prompt investors to question the industry’s asset valuations.

Indian oil-to-telecoms conglomerate Reliance Industries Ltd said on Tuesday its solar unit Reliance New Energy Solar Ltd (RNESL) will buy preferred shares of German firm NexWafe worth 25 million euros ($28.82 million).

(Bloomberg) -- The globetrotting dealmakers starting blank-check companies are increasingly telling investors there’s one place they won’t go: China.  At least four special purpose acquisition companies have revised their IPO filings in recent months to remove China from their areas of interest.

(Bloomberg) -- It’s been a tough year for Alexandre Bompard. Attempts by the Carrefour SA boss to create a supermarket champion in France are proving elusive. Talks on a deal to tie up the publicly listed grocer with privately held rival Auchan have failed, Bloomberg reported over the weekend.

(Bloomberg) -- Morgan Stanley has upgraded its view on China’s property sector to “attractive” from “in-line” as it sees growing likelihood of easing measures, with default risks and housing market weakness largely priced in.

(Bloomberg) -- Lithium has gotten so hot that even China’s gold miners want a slice of the market, sky high valuations and all. Zijin Mining Group Co.

A unit of Reliance Industries Ltd. acquired solar panel manufacturer REC Solar Holdings AS in a deal giving the company an enterprise value of $771 million as the Indian oil-to-retail conglomerate seeks to extend its dominance into alternative energy.

(Bloomberg) -- Concord Resources Ltd., a trading house set up six years ago to challenge the dominance of Glencore Plc and Trafigura Group in metals markets, may list its shares as soon as next year.