On June 5 Norway’s parliament approved a proposal that will see its gargantuan US$900bn Government Pension Fund Global divest stakes in mining companies that derive more than 30% of their revenues from coal and power companies that are more than 30% reliant on coal for generation.
Last year saw the closing of the largest African-led transaction to take place in Central Africa. The leader of that deal, Ecobank Capital’s Mohamed El Fadel Kane, speaks to EMEA Finance about the deal and what’s in the pipeline for this year.
Like so many hyped events, the first day of liberalised trading on the Tadawul, Saudi Arabia’s Stock Exchange, was a little bit underwhelming. Many commentators expected foreign investors to be queuing up at the door, waiting for entry into a room full of blue chip shares from previously inaccessible multi-billion-dollar market-cap companies.
London Resort Company Holdings, a subsidiary of Kuwaiti European Holdings Company (KEHC), mandated private bank Kleinwort Benson to oversee £3.2bn-worth of equity and debt fundraising to go towards the construction of London Paramount Entertainment Resort (PER), a “flagship world class entertainment resort project”.