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A Barclays bank building is seen at Canary Wharf in London, Britain May 17, 2017. Barclays distributed a presentation on its domestic merchant acquiring unit to potential bidders - mainly specialist payments providers - over the summer, two of the people said, but plans may still be altered or dropped entirely. Our businesses continue to perform well and growing our global payments business is a priority for us." The group drafted in consultants to prepare separate financials for its domestic merchant acquiring operation in an initiative known internally as Project Hyperion, one of the people said. Barclays is also gauging interest in its German consumer finance operations, known as Barclaycard Germany.

Persons: Stefan Wermuth, Sanpaolo, Amy, Jo Crowley, Pablo Mayo, Milana, Lawrence White, Elisa Martinuzzi, Susan Fenton Organizations: Barclays, REUTERS, Barclays Plc, Reuters, Chief, CS Venkatakrishnan, Spain's Banco Sabadell, Italy's, Pablo Mayo Cerqueiro, Thomson Locations: London, Britain, Germany, New York

☆ Twinkies maker will give food brands a sugar high
▼ + stars: | 2023-09-01 | by ( Anita Ramaswamy | ) www.reuters.com time to read: +4 min

Hostess Brands "Twinkies" are displayed in a store in the Manhattan borough of New York City, U.S. July 5, 2016. Acquire Licensing RightsNEW YORK, Sept 1 (Reuters Breakingviews) - Urban legend says Hostess Brands’ (TWNK.O) infamous Twinkie is so highly processed it could survive a nuclear war. Executives at both Hostess and Mondelez have noted that snacking is getting more popular, even as people are indulging in smaller portions. Add a 30% premium to its undisturbed stock price, and its enterprise value is 15 times forward EBITDA, according to Refinitiv data. A deal is possible, but it has a good chance of leaving a short-lived sugar high.

Persons: Mills, Metropoulos, Andy Callahan, Mondelez, Callahan, isn’t, Morgan Stanley, General Mills, Lauren Silva Laughlin, Sharon Lam Organizations: Reuters, Mondelez, Apollo Global Management, New York Times, Reuters Graphics Reuters, Planters, Hostess Brands, Hershey, PepsiCo, General, Thomson Locations: Manhattan, New York City, U.S

A general view of the drug product manufacturing laboratory in biologics and sterile injectables, Catalent, in Brussels, Belgium June 27, 2023. Catalent named three pharma industry executives and a senior Elliott executive to its board and said John Greisch, who has served on the board since 2018, will become executive chairman. Elliott, whose stake in Catalent became public last month, has been engaging with the company behind the scenes for months. Two of the directors were picked by Elliott, while two were mutually agreed by Elliott and Catalent. Catalent is also forming a new strategic and operational review committee which Greisch will chair.

Persons: Yves Herman, Elliott, Catalent, Alessandro Maselli, John Greisch, Max, William Blair, Maselli, Steven Barg, Goldman Sachs, Frank D'Amelio, Stephanie Okey, Michelle Ryan, Greisch, Merck KGaA, Svea Herbst, Bayliss, Maggie Fick, Sriparna Roy, Shinjini Ganguli, Catherine Evans, Mike Harrison Organizations: REUTERS, Catalent Inc, Elliott Investment Management, Reuters, Novo, pharma, U.S . Food, Drug Administration, Pfizer, Johnson, Catalent, Svea, Thomson Locations: Brussels, Belgium, ., Danish, Novo, United States, Catalent, GLP, Boston, London, Bengaluru

☆ A history of India's Dharavi slum and Adani's plans to redevelop it
▼ + stars: | 2023-08-28 | by ( ) www.reuters.com time to read: +2 min

MUMBAI, Aug 28 (Reuters) - Indian billionaire Gautam Adani aims to convert Mumbai's Dharavi slum into a modern city hub, while acknowledging that resettling its 1 million residents will be a challenging task. 2004-05: Maharashtra approves redevelopment of Dharavi and appoints Slum Rehabilitation Authority to plan the project. Dubai's SecLink consortium and India's Adani Group are among the bidders. Adani Group bids $614 million, India's DLF (DLF.NS) is among other bidders. 2023: State government awards the Dharavi project to Adani Group.

Persons: Gautam Adani, Dubai's, Adani, SecLink, SecLink doesn't, Dhwani Pandya, Aditya Kalra, David Crawshaw Organizations: Slum Rehabilitation Authority, Maharashtra Social Housing, Action League, India's, Adani, India's DLF, Dhwani, Thomson Locations: MUMBAI, Bombay, Mumbai, Maharashtra, Dharavi

☆ Subway sandwich chain sells itself to Dunkin' owner Roark Capital
▼ + stars: | 2023-08-24 | by ( Amelia Lucas | ) www.cnbc.com time to read: +3 min

In this photo illustration, a Subway meal is seen on a table at a Subway restaurant on January 12, 2023 in Austin, Texas. Roark Capital is buying Subway, ending the sandwich chain's more than five decades of family ownership and marking a new era for the struggling company. Subway dwarfs all of them by number of restaurants, and brings in more annual sales than all but Dunkin'. Through holding company Inspire Brands, Roark owns Dunkin', Baskin-Robbins, Sonic, Arby's, Buffalo Wild Wings and Jimmy John's. Roark plans to keep Subway as a separate entity within its portfolio, Subway CEO John Chidsey told the Journal.

Persons: Roark, Dunkin, Robbins, Jimmy John's, Anne's, Carvel, Neil Saunders, John Chidsey, Chidsey, Fred DeLuca, Peter Buck, Jared Fogle, DeLuca, Buck Organizations: Roark Capital, Subway, TDR, Sycamore Partners, Wall Street, Inspire Brands, Baskin, Buffalo Wild Wings, Focus Brands, Journal ., Business Locations: Austin , Texas, Cinnabon, Connecticut, U.S

☆ DuPont to sell Delrin resins unit to PE firm for around $1.8 bln - Bloomberg News
▼ + stars: | 2023-08-21 | by ( ) www.reuters.com time to read: +1 min

A logo is pictured outside of Dupont offices in Geneva, Switzerland, April 15, 2021. REUTERS/Denis Balibouse/File Photo Acquire Licensing RightsAug 20 (Reuters) - Materials and chemicals maker DuPont De Nemours Inc (DD.N) is in advanced talks to sell its Delrin resins unit to private equity firm The Jordan Company for about $1.8 billion, Bloomberg News reported on Sunday, citing people familiar with the matter. Jordan Company could announce the deal as soon as this week, the report said, adding that no final decision has been made and that talks could still fall apart. Lone Star and Platinum Equity were the other bidders for the assets, Bloomberg News had reported earlier in the month. Dupont and Jordan Company did not immediately respond to Reuters' request for comment.

Persons: Denis Balibouse, Delrin, Dupont, Gokul Pisharody, Kanjyik Ghosh, Muralikumar Anantharaman, Christopher Cushing Organizations: REUTERS, DuPont De Nemours Inc, Jordan Company, Bloomberg, Lone Star, Equity, Bloomberg News, DuPont, Reuters, Thomson Locations: Dupont, Geneva, Switzerland, Bengaluru

In an interview, O'Leary said this would not deter JetZero and its radical design. The Air Force said materials and manufacturing advances have made production more attainable. Whereas Boeing aimed to commission new engines for its abandoned project, JetZero says aerodynamic savings allow it to exploit existing models. Capital Alpha Partners analyst Byron Callan said the decision to back JetZero suggested Air Force "frustration" with traditional aerospace companies' use of cash to favor shareholders rather than bigger developmental risks. "One way to potentially change behaviors is to award contracts to smaller firms like JetZero," he wrote.

Persons: Carlos Barria, Tom O'Leary, O'Leary, they're, NORTHROP, Northrop Grumman, Ron Epstein, Byron Callan, JetZero, Valerie Insinna, Tim Hepher, Mark Potter Organizations: Pentagon, REUTERS, Rights, U.S . Air Force, The Air Force, Boeing, Airbus, Reuters, Air Force, Bank of America, Pratt, Capital Alpha Partners, Force, Thomson Locations: Arlington , Virginia, U.S, California, Asia, Kosovo

☆ BAE’s stratospheric space deal has sound logic
▼ + stars: | 2023-08-17 | by ( ) www.reuters.com time to read: +2 min

People gather at the BAE Systems' booth during the Association of the United States Army (AUSA) Global Force Symposium & Exposition in Huntsville, Alabama, U.S. March 28, 2023. REUTERS/Cheney Orr/File Photo Acquire Licensing RightsLONDON, Aug 17 (Reuters Breakingviews) - BAE (BAES.L) is showing off its deep pockets. On Thursday, the $37 billion maker of war ships and armored vehicles said it will splurge over $5.5 billion in cash on Ball Corp’s (BALL.N) aerospace arm. BAE CEO Charles Woodburn beat off private equity bidders including Blackstone (BX.N) to seal the deal, which bulks up his exposure to civil and military space surveillance solutions. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Cheney Orr, Ball, Charles Woodburn, Woodburn, Woodburn’s pricey, Aimee Donnellan, EY’s loveless, Neil Unmack, Streisand Neto Organizations: BAE Systems, Association of, United States Army, Global, REUTERS, Reuters, BAE, Blackstone, Ball Aerospace, Twitter, TPG, Thomson Locations: Huntsville , Alabama, U.S

☆ Union leader: Cleveland-Cliffs is the best strategic buyer of U.S. Steel
▼ + stars: | 2023-08-14 | by ( Bianca Flowers | Thomson Reuters | Bianca Flowers Is An Award-Winning Multimedia Journalist Based In Chicago Where She Reports On The Backbone Of The U.S. Labor Market. She Covers Agriculture | ) www.reuters.com time to read: +1 min

Steel workers at U.S. Steel Granite City Works in Granite City, Illinois, U.S., May 24, 2018. REUTERS/Lawrence Bryant/File PhotoCHICAGO, Aug 14 (Reuters) - The United Steelworkers (USW) international president said on Monday that the union supports North American steel producer Cleveland-Cliffs' bid to acquire rival, United States Steel Corp (X.N), adding that the company is the best strategic buyer. "Cliffs is committed to the blast furnace segment of the steel market and U.S. Steel is not," the union's international president, Thomas Conway told Reuters in an interview. The United Steelworker's collective bargaining agreement with U.S. Steel outlines that the company has to take union leadership voices into account for acquisition bids. U.S. Steel has said that it received "multiple unsolicited proposals."

Persons: Lawrence Bryant, Thomas Conway, Conway, Bianca Flowers, Tomasz Janowski Organizations: U.S . Steel, U.S . Steel Granite City, REUTERS, United Steelworkers, United States Steel Corp, Steel, U.S, Reuters, Thomson Locations: U.S . Steel Granite, Granite City , Illinois, U.S, Cleveland, Chicago

India's defence ministry did not respond to Reuters questions. The U.S. Congress in 2019 banned the Pentagon from buying or using drones and components made in China. India has set aside 1.6 billion rupees ($19.77 billion) for military modernisation in 2023-24, of which 75% is reserved for domestic industry. But the ban on Chinese parts has raised the cost of making military drones locally by forcing manufacturers to source components elsewhere, government and industry experts said. Sameer Joshi, founder of Bengaluru-based NewSpace Research and Technologies, a supplier of small drones for India's military, said 70% of goods in the supply chain were made in China.

Persons: Narendra Modi, Sameer Joshi, Joshi, Dilip, ADE, Nirmala Sitharaman, Narang, Krishn Kaushik, Joe Cash, David Crawshaw, YP Rajesh Organizations: Reuters, U.S, Congress, Pentagon, Research, Technologies, Manohar Parrikar Institute for Defence Studies, Finance, YP, Thomson Locations: DELHI, India, China, Delhi, cyberattacks, Beijing, Bengaluru, Polish

☆ Yellow Corp asset sale could surpass $1.4 bln - Fox Business
▼ + stars: | 2023-08-08 | by ( ) www.reuters.com time to read: +1 min

That means stock holders will get a payday if significant unsecured debt creditors do not emerge, Fox Business reporter Charles Gasparino said in a post on X social media platform, formerly known as Twitter. Yellow, a dominant player in the "less-than-truckload" segment, filed for Chapter 11 bankruptcy protection on Monday, leaving some 30,000 workers looking for new jobs. read moreThe company blamed the International Brotherhood of Teamsters for the bankruptcy filing. Gasparino said that bidders were lining up for Yellow's assets because the company would be free of Teamsters membership in bankruptcy. Yellow is also likely to seek damages representing its entire enterprise value of $1.5 billion from the Teamsters, Gasparino said.

Persons: Mike Blake, Charles Gasparino, Gasparino, Ananta Agarwal, Shinjini Organizations: U.S, Fox Business, Twitter, International Brotherhood of Teamsters, Teamsters, Thomson Locations: Mexico, San Diego , California, U.S, Bengaluru

☆ Paramount to sell Simon & Schuster to KKR for $1.6 billion in cash
▼ + stars: | 2023-08-07 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +2 min

New York CNN —Paramount has agreed to sell Simon & Schuster to private equity firm KKR for $1.6 billion in cash, after more than three years of trying to offload the book publishing powerhouse. Paramount posted Simon & Schuster for sale in 2020. In November 2022, Paramount ended its agreement to sell Simon & Schuster to Penguin Random House in what would have been a $2.2 billion deal. In October 2022, US District Court Judge Florence Pan ruled the combination of the book publishing giants would illegally reduce competition. The private equity firm also sold audiobook publisher RBMedia to H.I.G Capital this year after acquiring it in 2018.

Persons: Simon, Schuster, Bob Bakish, ” Bakish, Jonathan Karp, Dennis Eulau, Biden, Florence Pan, Penguin, RBMedia Organizations: New, New York CNN, Paramount, KKR, Paramount Global, Random, Justice, Elliott Management, Barnes & Nobles, Amazon, H.I.G, & $, & $ Locations: New York, Barnes

☆ The Fight Over the Dune Shacks of Cape Cod: No Power, No Water — but Eugene O’Neill Was Here
▼ + stars: | 2023-08-06 | by ( Jenna Russell | More About Jenna Russell | ) www.nytimes.com time to read: +2 min

Among those inspired by the solitude and natural wonder they found there were the playwrights Eugene O’Neill and Tennessee Williams, painters Willem de Kooning and Jackson Pollock, novelists Jack Kerouac and Norman Mailer and poets E.E. “A grand place to be alone and undisturbed,” O’Neill once said of his hideaway there. “I’m ashamed that the Park Service would try to capitalize on it, without realizing the point of the shacks was to get away from civilization, from capitalism.”The Park Service set no limit on financial offers from bidders. The structures’ use must be private and residential, not commercial; modern upgrades are not allowed, and lease holders will bear the full costs of their upkeep. The agency declined to say how many bids were submitted by the July deadline, or when it will notify the winners.

Persons: Eugene O’Neill, Tennessee Williams, Willem de Kooning, Jackson Pollock, Jack Kerouac, Norman Mailer, E.E . Cummings, Mary Oliver, “, O’Neill, ”, Salvatore Del Deo, John F, Kennedy Organizations: Service, Coast Guard

☆ YouTuber and entrepreneur Simon Squibb spent $32,000 winning an auction for a stairwell in London
▼ + stars: | 2023-08-04 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +4 min

Entrepreneur Simon Squibb just spent $32,000 buying a stairwell in London. Squibb says he plans to create office space to help people get new businesses up and running. There are seven landings within the stairwell, each of which Squibb hopes to convert into office space. The listing attracted media attention in the UK as another example of the out-of-control London property market. But for anyone thinking a large closet or a stairwell is the weirdest thing you can buy on the London property market – think again.

Persons: Simon Squibb, Squibb, YouTuber, they've, it's, I'm, Glenn Jacobs, I've Organizations: Service, YouTube, BBC News, Harrods, Evening Locations: London, Wall, Silicon, Twickenham, South Kensington

[1/2] The Subway restaurant logo is seen on a napkin in this illustration photo August 30, 2017. Subway expects to fetch well over $9 billion in a deal, and it remains uncertain whether TDR and Sycamore can meet its price expectations, the sources said. Private equity firm Advent International, which had teamed up with Goldman Sachs Asset Management on a bid for Subway, has dropped out of the process, the sources said. Goldman Sachs (GS.N) may decide to team up with one of the other bidders, the sources added. Subway, Roark and TDR did not immediately respond to requests for comment.

Persons: Thomas White, Goldman Sachs, Roark, Jimmy John's, Jimmy John’s, TDR, Fred DeLuca, Peter Buck, Anirban Sen, Abigail Summerville, Nick Zieminski Organizations: REUTERS, TDR Capital, Sycamore Partners, Roark Capital, International, Goldman Sachs, Management, Subway, Bloomberg News, JPMorgan Chase &, Reuters, Thomson Locations: Sycamore, Champaign , Illinois, Milford , Connecticut, Bridgeport , Connecticut, The Milford , Connecticut, U.S, New York

☆ Elon Musk has a plan to create a hub on X for users to trade stocks, report says
▼ + stars: | 2023-08-03 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Elon Musk's X app is looking to build a stock-trading hub within the platform, according to Semafor. But Musk said on X: "No work is being done on this to the best of my knowledge." Still, considerations for how to turn X into a trading hub would not be far off prior ideas for the platform. In April, Twitter also entered into a partnership with eToro to allow users to trade stocks and other assets, by giving them access to eToro's platform. Musk has had plans to create a go-to app for a variety of services, and in October, he tweeted, "Buying Twitter is an accelerant to creating X, the everything app."

Persons: Elon, Musk, Semafor, Tencent's Organizations: X, Service, Privacy, Twitter, eToro, PayPal Locations: Wall, Silicon, China

REUTERS/Brendan McDermid/File PhotoNEW YORK, Aug 3 (Reuters) - KKR & Co Inc (KKR.N) is in advanced talks to acquire book publisher Simon & Schuster from Paramount Global (PARA.O) for $1.65 billion, according to people familiar with the matter. KKR was competing against bidders including News Corp (NWSA.O)-owned HarperCollins Publishers for Simon & Schuster and investor Richard Hurowitz, the sources said. The Wall Street Journal reported the advanced talks between KKR and Paramount earlier on Thursday. Last year, the U.S. Justice Department sued to stop the tie-up of Penguin and Simon & Schuster, which led to a collapse of the deal. Simon & Schuster publishes authors including Stephen King, Jennifer Weiner, and former U.S. presidential candidate Hillary Clinton.

Persons: Brendan McDermid, Simon & Schuster, Richard Hurowitz, Simon, Schuster, Hurowitz, Stephen King, Jennifer Weiner, Hillary Clinton, King, Anirban Sen, Milana, Sandra Maler Organizations: KKR, New York Stock Exchange, REUTERS, Co Inc, Paramount Global, News Corp, HarperCollins Publishers, Simon &, Reuters, Paramount, Penguin Random, HarperCollins, Street Journal, Penguin, U.S . Justice Department, Bertelsmann, Simon, Schuster, Thomson Locations: New York, U.S

☆ The microphone that Cardi B hurled at a fan is up for auction on eBay, and the bids are at nearly $100K
▼ + stars: | 2023-08-03 | by ( Kylie Kirschner | ) www.businessinsider.com time to read: +3 min

The microphone that Cardi B threw at a fan in a viral video is now up for auction on eBay. The microphone that Cardi B threw at a fan during a show in a now viral video is up for auction on eBay, and the bidding has skyrocketed to nearly $100,000 since it was listed on Tuesday with an initial price of $500. "Shure Axient digital Mic Cardi B threw at a person," the listing reads. Scott FischerIn the video in question, Cardi B is performing onstage when an audience member throws their drink at her, splashing her with liquid and ice. Cardi B did not respond to Insider's request for comment.

Persons: Scott Fischer, —, Fischer, Hey Scott, I'm, he's, it's, It's, Cardi Organizations: eBay, Morning, Shure, Las, Las Vegas police Locations: Las Vegas

☆ X social media looking to build a trading hub inside app, Semafor reports
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: +1 min

'X' logo is seen on the top of the headquarters of the messaging platform X, formerly known as Twitter, in downtown San Francisco, California, U.S., July 30, 2023. REUTERS/Carlos Barria/File PhotoAug 3 (Reuters) - X social media platform, formerly known as Twitter, is seeking a financial data giant to build a trading hub inside the app, Semafor reported on Thursday, citing people familiar with the matter and plan requests. In a post on the X platform, its owner Elon Musk said he was not aware of any work being done in this area. loadingLast year, Musk said he bought Twitter as an "accelerant to creating X", which he described as an "everything app" and likened it to China's super-app WeChat. Musk last month rebranded the social media site and changed Twitter's widely recognised blue bird to "X".

Persons: Carlos Barria, Elon Musk, Musk, Chavi Mehta, Tanya Jain, Yuvraj Malik, Arun Koyyur Organizations: REUTERS, Twitter, Thomson Locations: San Francisco , California, U.S, Bengaluru

The sale of Simon & Schuster appears to be nearing a suspenseful conclusion, like the final chapter of a page-turner from one of the country’s largest and most prestigious publishing houses. Second-round bids for Simon & Schuster — which publishes boldface names like Stephen King — were due earlier this week, according to three people familiar with the negotiations, who spoke on the condition of anonymity to discuss the confidential sale process. The sale process is expected to conclude in the coming weeks, the people said. A sale would put an end to years of uncertainty for Simon & Schuster, which is owned by Paramount (formerly ViacomCBS) and was initially put up for sale in early 2020. How much suitors for Simon & Schuster were willing to pay couldn’t be determined.

Persons: Simon, Simon & Schuster, Stephen King —, couldn’t Organizations: Simon &, KKR, News Corp, HarperCollins, Paramount, Penguin Random, Department of Justice

☆ Anchor Brewing, America's oldest craft brewery, just shut down. Here's what's next
▼ + stars: | 2023-07-31 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +5 min

New York CNN —Anchor Brewing, which has been America’s oldest craft brewer with 127 years in business, closed its taprooms for good on Sunday. There’s hope that could happen: Roughly two dozen different investors as well as a group of Anchor’s employees have “expressed interest in buying all or parts of Anchor Brewing,” company spokesman Sam Singer told CNN. Anchor got its start in 1896 in San Francisco, becoming the nation’s first-ever craft brewery. Under Sapporo’s ownership, production of Anchor’s beer declined every year except in 2021, according to the Brewers Association. Brewbound, a beer industry website, previously reported that Sapporo’s recent purchase of craft brewer Stone Brewing sparked concerns among Anchor’s employees of how their brewery fit into plans.

Persons: there’s, There’s, Sam Singer, Singer, Jeff Chiu, they’ve, Anchor, ” Singer, Anchor’s, Justin Sullivan, Fritz Maytag Organizations: New, New York CNN, Brewing, CNN, Anchor Brewing, Sapporo, Warehouse Union, ” Employees, Getty, North, Anchor, Maytag Corporation, Steam, Brewers Association . Brewbound, Stone, Craft, Craft Business Locations: New York, San Francisco, Sapporo USA, Sapporo, United States, North America, California

☆ Francisco Partners & TPG to take New Relic private in $6 billion all-cash deal
▼ + stars: | 2023-07-31 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

A consortium led by Francisco Partners and private equity group TPG will take software provider New Relic private in an all-cash, $87-a-share offer that values the company at nearly $6.5 billion, the company announced Monday. Reuters reported in May that Francisco Partners and TPG had ended deal talks after failing to secure enough debt financing to meet New Relic's desired valuation. Since that report, the private equity groups were able to obtain financing and meet New Relic's valuation requirements. Under the terms of the deal, New Relic will have a 45-day "go-shop" period, during which it can entertain offers from other qualified bidders. Francisco Partners is a technology-focused private equity firm with past investments in Barracuda Networks, On Semiconductor , and K2.

Persons: Lew Cirne, Jana, Zscaler Organizations: Francisco Partners, TPG, New York Stock Exchange, Reuters, New, Jana Partners, Barracuda Networks, Semiconductor, Sumo Logic

☆ Capital Energy to sell $1 billion renewable energy portfolio, sources say
▼ + stars: | 2023-07-30 | by ( Andres Gonzalez | ) www.reuters.com time to read: +1 min

LONDON, July 30 (Reuters) - Spanish-based renewable energy investor Capital Energy has hired Lazard to sell a portfolio of 4.3 gigawatts (GW) of onshore wind and solar power plants in Spain, according to the sale of documents seen by Reuters. Capital Energy and Lazard declined to comment. One gigawatt of power is roughly equivalent to the average production from one nuclear plant, although renewable power is intermittent. According to the materials distributed by Lazard, the sale includes a team of 45 employees of Capital Energy. Currently, Capital Energy employs 355 people and holds a renewable portfolio of 25 GW, out of which 10 GW are in advanced development with granted access to the Spanish power network.

Persons: Lazard, Andres Gonzalez, David Evans Organizations: Capital Energy, Reuters, Lazard, Thomson Locations: Spain, Spanish

☆ Laurentian Bank's shares fall after media report that potential top bidders bowed out
▼ + stars: | 2023-07-28 | by ( ) www.reuters.com time to read: +2 min

TD is also not bidding for Laurentian, the report added. The reported move comes weeks after Laurentian, Canada's ninth-largest bank, said it was reviewing strategic options. A spokesperson for Laurentian Bank declined to comment on the report, when contacted by Reuters, saying the bank's "strategic review is still under way" and the "board of directors is actively examining the options available." TD Bank did not immediately respond to a Reuters request for comment. Shares of Laurentian, which jumped 27% after reports of a sale earlier this month, have gained about 35% so far this year.

Persons: Rania Llewellyn, Jaiveer Singh, Balu, Shailesh Kuber, Matthew Lewis Organizations: Laurentian Bank of Canada's, Bank of Nova, Dominion Bank, Scotiabank, Globe and Mail, Laurentian, TD, U.S, Barclays, Canada's, Globe, Laurentian Bank, Reuters, TD Bank, Thomson Locations: Laurentian, Montreal, Bank of Nova Scotia, Toronto, Quebec, Bengaluru

☆ India's offer to privatise rocket has 20 potential bidders
▼ + stars: | 2023-07-27 | by ( Nivedita Bhattacharjee | ) www.reuters.com time to read: +2 min

BENGALURU, July 27 (Reuters) - The Indian government's effort to privatise part of its space programme by opening bids to build its small satellite launch rocket has attracted initial interest from 20 companies, an official overseeing the process told Reuters. India's Small Satellite Launch Vehicle (SSLV) was developed by the Indian Space Research Organisation, the national space agency, and had its first successful satellite launch in February. The bid to take over manufacturing and development of the SSLV rocket programme was the first privatisation of its kind under that policy. Pawan Goenka, chairman of IN-SPACe, said 20 companies had submitted an "expression of interest" (EOI) in the rocket programme. India is aiming to increase its share of the global satellite launch market by fivefold within the next decade.

Persons: Narendra Modi, Pawan Goenka, Goenka, Nivedita, Kevin Krolicki, Stephen Coates Organizations: Reuters, India's, Indian Space Research Organisation, SpaceX, Indian, Thomson Locations: BENGALURU, India, Bengaluru

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