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Poste will not borrow for the cash component
Five months in, Alessandro Melzi is getting started on the plan, but his boss is about to change
A slow destruction of misallocated investment is more likely than a sudden stop
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Dubai Islamic Bank (DIB) is set to acquire smaller rival Noor Bank after months of consideration. The merger will create one of the region's largest Islamic banks, and adds to a succession of bank tie-ups taking place or under consideration across the Gulf. -
The UK’s Emmerson is in talks of a project finance loan of up to $230m, with the deal for the potash extraction company expected to be syndicated among a handful of commercial banks and export credit agencies.
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China General Nuclear Power Group is tapping the international loan market for a $500m deal after an absence of almost 30 years.
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A unit of China National Chemical Corp (ChemChina) has returned to the loan market for a two-tranche borrowing of €550m.
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Ukrainian wood processor Kronospan has secured a €116m loan from the EBRD and commercial lenders. The deal adds light to a desolate market, though a loan for Ukrainian borrower MHP may be at risk due to competition concerns.
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UBS has hired Régis Turrini as head of France for corporate client solutions.
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