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Bpifrance pounces to sell Technip block after shares leap
Europe’s self-proclaimed investment banking champions are playing to their strengths, but remain far behind US peers
The most successful investment banks must strive for excellence in managing people
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  • Ireland's Dalata Hotel Group was in the market with a 19.9% accelerated share placing on Tuesday, a move the company said would give it the firepower to take advantage of growth opportunities stemming from the Covid-19 pandemic.
  • From next year, Berenberg’s investment bank boss David Mortlock will take over management of the overall bank alongside Christian Kühn and Hendrik Riehmer.
  • Chinese smart electric vehicle maker Nio has raised $1.5bn in fresh equity after increasing its follow-on offering of American Depository Shares (ADS).
  • Citigroup has beefed up its presence in France by hiring Robin Rousseau, Deutsche Bank’s head of M&A for Europe, the Middle East and Africa.
  • Property manager China Resources Mixc Lifestyle Services is planning an IPO on Hong Kong’s stock exchange, getting the ball rolling with an application to the bourse this week.
  • Fosun International has pocketed HK$2.45bn ($316.3m) after selling a chunk of Tsingtao Brewery's stock in a block trade, according to a source familiar with the matter.
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