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Former investment banker has been CFO of Verbund
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Moody’s has cut Agrokor’s rating from Caa1 to Caa2, a mere fortnight after lowering it from B3, as the possibility of default rises.
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Asset managers are looking to buy a piece of a $405m loan that is being restructured for Royal Industries, according to bankers on the deal. The Indonesian palm oil seller proposed the restructuring after failing to pay its first and second instalments.
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Citi has appointed a new head of global capital management for EMEA and new co-heads of EMEA loans and has hired a new co-head of leveraged finance EMEA, as it reorganises its leveraged finance and loans businesses within the global asset managers group.
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The Croatian government has followed up on its new law, designed to handle Agrokor’s debt crisis, by appointing an “emergency management commissioner” and overriding plans for the restructuring drawn up by creditors.
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The third largest private sector bank in India, Axis Bank, has provided a $295m loan to Aster DM Healthcare after it failed to alter the terms on a previous loan.
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Bain Capital and Cinven have agreed to buy Stada, the German generic pharmaceuticals firm, for €4.1bn, in the biggest private equity acquisition of a European company for four years.
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