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Daily Archives: July 12, 2019

World’s biggest IPO not yet priced

Getty ImagesCopyright: Getty Images The Asia-Pacific business of Anheuser-Busch InBev will not price the shares aimed for a stock market flotation in Hong Kong as expected today. That’s according to Retuers which says the flotation could value the business at up to $9.8bn (£7.8bn) and is the world’s biggest initial …

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Thomas Cook in £750m rescue deal talks

Image copyrightGETTY IMAGES Troubled travel company Thomas Cook is in £750m rescue talks with banks and its largest shareholder, Fosun. The measures, which have not been finalised, would see the Chinese investor buy the firm’s tour business. Thomas Cook’s chief executive, Peter Fankhauser, said the proposal was “not the outcome …

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