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Trading Ideas

Exclusive: Sanofi's strategy boss to leave as CEO readies revamp

Sanofi’s executive vice president in charge of strategy and business development, Muzammil Mansuri, a member of the French drugmaker’s executive committee, will leave the firm by the end of the month, according to a memo seen by Reuters. The decision marks the first important management change taken since Paul Hudson became chief executive of Sanofi on Sept. 1, as he prepares to give pointers about his vision for the company next month. Hudson and his teams are engaged in a strategic review and are expected to unveil the company’s priorities for the coming years at an investor day …read more […]

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Trading Ideas

UPDATE 1-Blackstone gives Unizo more time to respond to buyout offer

Blackstone Group said on Friday it had extended the deadline for Japanese hotel operator Unizo Holdings to respond to the buyout firm’s $1.6 billion offer. Blackstone said in a statement that it would provide an additional update by Wednesday. Blackstone last month emerged as a bidder for Unizo and warned the company it would launch a tender offer or explore other options if Unizo did not agree to its proposal. …read more […]

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Trading Ideas

GLOBAL MARKETS-Global shares inch up, but trade worries linger

Global stocks inched up on Friday, lifted by China’s renewed offer to work out a trade pact with Washington, but gains were limited by uncertainty over how the 16-month-old trade war plays out and how much it may undermine the world economy. Such jitters have put MSCI’s index of global shares on course to snap a six-week streak of gains, with lacklustre economic data and rising political risks in the United States and Britain also casting a pall on sentiment. European shares opened modestly firmer, however, rising off three-week lows touched on Thursday when it seemed that U.S. …read more […]

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Business News

KKR reaches halfway in $3 billion Asia infrastructure fundraising: source

Global private equity group KKR & Co has raised $1.5 billion for its first Asia-focused infrastructure fund, roughly half the total targeted, one person with direct knowledge said. KKR began to target Asia’s infrastructure sector with a series of hires beginning about a year ago and launched its fundraising in 2019.

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