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  • Fears of a far right victory in the French presidential election receded on Sunday night after Emmanuel Macron won the largest share of the vote to make it into the second round alongside Marine Le Pen, the National Front leader.
  • The Indian government has hired five firms to run the IPO of state-owned insurer New India Assurance Co, according to a banker close to the situation.
  • With the world’s largest asset manager saying it backs the inclusion of A-shares in MSCI indices, the result now looks inevitable. However, the result is likely to be high on symbolism and little else and highlights the challenge for firms as they balance the demand for China exposure with the need to keep their integrity intact.
  • Indonesia-listed Sarana Menara Nusantara is set for a liquidity event after a group of shareholders put a large chunk of stock for sale to raise Rph5.6tr ($422m).
  • Lone Star Funds, the US private equity group, has achieved a full exit from Forterra, the UK brick maker, after an accelerated bookbuild led by Numis Securities and Peel Hunt on Thursday night which was increased due to strong demand.
  • Taiwanese semiconductor manufacturer GlobalWafers Co has raised $469.2m from a sale of Global Depository Shares, which it plans to to use for repaying loans from its acquisition of SunEdison Semiconductor in 2016.
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