[ad_1] By Silvia Aloisi, Andrea Mandala MILAN (Reuters) – Italy’s biggest retail bank Intesa Sanpaolo ISP.MI on Wednesday set tough conditions on an offer to buy the healthy assets of…
Tag: Corporate Debt Restructurings
Financially distressed Aeromexico gets $50 million lifeline
[ad_1] FILE PHOTO: A logo of Aeromexico is pictured inside Benito Juarez international airport in Mexico City, Mexico July 31, 2018. REUTERS/Carlos Jasso MEXICO CITY (Reuters) – Mexican airline Aeromexico…
Europcar nears rescue deal with lenders – sources
[ad_1] By Gwénaëlle Barzic, Dominique Vidalon PARIS (Reuters) – French car hire firm Europcar EUCAR.PA, hit by the coronavirus outbreak, is in talks with banks on a 223 million euro…
HSBC alleges Zenrock sought multiple loans for same oil cargo – court document
[ad_1] By Roslan Khasawneh, Anshuman Daga SINGAPORE (Reuters) – HSBC Holdings PLC HSBA.L has alleged that Singapore-based Zenrock Commodities Trading Pte Ltd engaged in a series of “highly dishonest transactions”…
Capital hike brings Air France under government’s wing
[ad_1] PARIS (Reuters) -France will contribute to a 4 billion-euro ($4.7 billion) recapitalisation of Air France-KLM and more than double its stake to nearly 30%, under plans announced on Tuesday…
Creditors of Kenyan supermarket chain Nakumatt to vote on winding it up
[ad_1] NAIROBI, Jan 7 (Reuters) – Creditors of Kenya’s Nakumatt supermarket chain, once a leading regional retailer, met on Tuesday to vote on whether to wind it up over an…
Malaysia’s AirAsia X aims to stave off liquidation with $15 billion debt restructure
[ad_1] KUALA LUMPUR (Reuters) – Malaysia’s AirAsia X Bhd AIRX.KL, the long-haul arm of AirAsia Group Bhd AIRA.KL, said it wanted to restructure $15.3 billion of debt and slash its…
Sovereign default risks to rise further in 2021: Goldman Sachs
[ad_1] LONDON (Reuters) – Sovereign default risks are on course to rise further in 2021, with Iraq, Sri Lanka, Angola and Gabon at high probability of default, say Goldman Sachs…