News from all angles

News from all angles
Diversity of highlights again. Falling markets, trade, pornstars, jailed politicians and resigning prime ministers. Nothing fun to note in Spain. Puigdemont finally arrested on a miscalculated move through Germany. People take the streets in a failed and still pacific “coup d’etat”. Current government would be making a big mistake trying to get credit for the actions. This is serious “stuff” and can get worse. No time for laughs or taking credit as non criminal prisoners become martyrs. We s...
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Week in review. Abertis turns Italian and little more

Week in review. Abertis turns Italian and little more
Excellent turn of events in the Abertis deal. Key shareholder Caixa and others get the best price of the quotes. Italians get the deal done with reasonable multiples. Regulator and PP ministers save faces and so does ACS who attains a dignified minority. But the question remains on who the dealmaker really is behind the deal. A utility president and football buddy? An ambitious and creative investment banker? In return for what? We will certainly remain alert. The rest of the headlines reflec...
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Markets, takeovers and trends

Markets, takeovers and trends
Another weeks goes by with President Trump in all the headlines with his new trade war, imposing tariffs on aluminium and steel based on “national security” and detonating an aggressive response from the rest of the world, as well as his own advisors, marked by the resignation of Gary Cohn, his once popular chief economic advisor.  A question of accountability to his electorate and balancing the trade accounts, Trump narrowly explains in his twitter, mentioning 1 billion, just a “typo”, instead ...
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