Chinese electric vehicle (EV) manufacturer XPeng Inc said it hopes to raise up to $1.11 billion in its initial public offering (IPO) in New York, seeking to ride the enthusiasm for EVs even as U.S.-China relations remain strained. The company said on Friday it intends...
Virgin Australia Holdings Ltd. bondholders have withdrawn plans for a proposed recapitalisation of the airline that was meant to rival one from U.S. private equity firm Bain Capital, a spokesman for the bondholders said on Friday. Singapore’s Broad Peak and Hong...
The UK’s public debt has skyrocketed to just over £2tn for the first time amid the government’s spending drive to support the economy amid the coronavirus crisis. In July, net debt – excluding public banks – increased by nearly £230bn from the same period...
London-based private equity firm Hg and other buyout groups have agreed to invest in Norwegian software developer Visma Group. The deal, which values the company at $12.2bn, is one of the software sector’s biggest buyouts. Visma is a leading European software company...
Chile’s Nueva Inversiones Pacifico Sur Limitada has agreed to buy a 64.94% stake in casino operator Sun Dreams for $160 million from South African partner Sun International to take full ownership of the business and settle a dispute. The two partners had been locked...
