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And the school thrived for a decade, sending orchestras and ensembles on tours around the world and playing to packed venues. “There’s a fight between dark forces and progressive forces of this nation.”Zohra Ahmadi rehearses with the Afghan Youth Orchestra in Braga, Portugal. Before she left, Zohra said her 63-year-old grandmother, Sabera Yawari, told her to stay positive. Members of the Afghan Youth Orchestra perform at Carnegie Hall in New York City. “My family will come, Taliban will be gone, and it just feels good.”“It’s also making me more strong,” Farida added.

Persons: ANIM, ”, Farida, Farida —, Ahmad Sarmast, ” Sarmast, “, ” Zohra, Marc Smith, Sarmast, Zohra, Sabera Yawari, Jennifer Taylor, “ We’ve, it’s, Jennifer Taylor “, “ It’s, ” Farida Organizations: NBC News, Afghan Youth Orchestra, NBC, “, Carnegie Hall, Braga’s Conservatory of Music, Kennedy Center, Washington , D.C Locations: U.S, Kabul, Portugal, Braga, United States, Germany, United Kingdom, Switzerland, Afghanistan, “ Portugal, Kabul’s, Qatar, New York City, Lisbon, Washington ,, New York

☆ Italian fund buys stake in asset manager Anima in play on bank M&A
▼ + stars: | 2023-02-15 | by ( Valentina Za | ) www.reuters.com time to read: +3 min

The 109 million euro ($116 million) stakebuilding strengthens the grip of Italian investors on a company in which France's Amundi (AMUN.PA) - Europe's biggest asset manager - has also taken a stake. Amundi has a strong presence in Italy having spent 3.6 billion euros in 2017 to buy peer Pioneer from UniCredit (CRDI.MI). Formerly backed by the state and focused on promoting national champions, private equity fund Fondo Strategico Italiano (FSI) targeted a stake of up to 9%. Amundi acquired its Anima stake a month after Amundi's owner, French bank Credit Agricole (CAGR.PA), bought 9.2% of Banco BPM, becoming its single largest investor. Of Anima's 177 billion euros of assets under management, some 100 billion euros are invested in Italian government bonds.

☆ Financial investor buying up to 9% of Italian asset manager Anima
▼ + stars: | 2023-02-14 | by ( Valentina Za | ) www.reuters.com time to read: +2 min

An investor document seen by Reuters showed Mediobanca, which did not name the investor, was buying Anima shares through an accelerated reverse bookbuilding at 4.35 euros a share. At the top of the targeted range, the investment would total 135.7 million euros ($145.7 million) while the minimum stake would cost the buyer 105.7 million euros, Reuters calculations showed. The investor is Italian and is neither a bank nor an insurance firm, two people with knowledge of the matter told Reuters. Anima is Italy's biggest independent asset manager and has often been seen as a potential takeover target. Last year, French asset manager Amundi (AMUN.PA) emerged as the third-biggest investor in Anima with a 5.2% stake.

Up to 200 million euros of the capital will come from France's AXA (AXAF.PA), MPS' partner in an insurance joint-venture. Another 50 million euros are being guaranteed by London-based fund Algebris, whose founder Davide Serra is a close associate of Lovaglio. The state will put in 1.6 billion euros towards the capital raising, based on its 64% stake. Local banking foundations in Tuscany - charitable organisations overseen by Italy's Treasury - have already put in some 30 million euros. After its market value shrunk to just 256 million euros, MPS will sell the new shares with a discount of only 8.6% over Wednesday's closing price stripped of subscription rights.

Another 50 million euros are being guaranteed by London-based fund Algebris, whose founder Davide Serra is a close associate of Lovaglio. The state will put in 1.6 billion euros towards the capital raising, based on its 64% stake. If MPS gathers less than the maximum 2.5 billion euros, the state's contribution will be proportionally reduced so as not to exceed 64% of the total. At least 100 million euros will come from France's AXA (AXAF.PA), MPS' partner in an insurance joint-venture. After its market value shrunk to just 256 million euros, MPS will sell the new shares with a discount of just 8.6% over Wednesday's closing price stripped of subscription rights.

By late on Wednesday six banks, including global coordinators Bank of America (BAC.N), Citigroup (C.N), Credit Suisse (CSGN.S) and Mediobanca (MDBI.MI), had signed the guarantee contract, the sources said. Five years after an 8.2 billion euro ($8 billion) bailout that handed the state its 64% stake, MPS plans to raise the extra cash to lay off staff and bolster capital. The eight banks due to underwrite the MPS issue are willing to backstop only a third of the 900 million euro private portion of the capital raising, one of the sources said. MPS CEO Luigi Lovaglio had until recently not produced the written commitments, triggering a race in the last few days to get all the necessary documents signed. The Tuscan bank has so far secured support from its insurance partner AXA (AXAF.PA), local banking foundations and asset manager Anima Holding (ANIM.MI).

Five years after an 8.2 billion euro ($8 billion) bailout that handed the state its 64% stake, MPS plans to raise the extra cash to lay off staff and bolster capital. They have demanded written commitments from investors for an amount roughly equivalent to half the overall figure, accepting pledges which are not in writing for the rest to get to two thirds of the total, the source added. MPS CEO Luigi Lovaglio had until recently not produced the written commitments, triggering a race in the last few days to get all the necessary documents signed. MPS and the banks expect to be able to get to a deal on the underwriting contract later on Wednesday, although sources had previously not ruled out preparations taking until Thursday. A January 2030 bond yielded 41.42% after spiking to 45.44% from 39.95% at closing on Tuesday.

MPS (BMPS.MI) had scheduled a board meeting on Tuesday to set the terms of an up to 2.5 billion euros ($2.4 billion) share issue, the Tuscan bank's seventh in 14 years after an 8.2 billion euro bailout in 2017. Rocky markets and the size of the cash call, equivalent to more than 10 times MPS' current market value, have complicated talks over the share sale. The banks have long seen it as too risky to bring to the market without a pre-committed core of investors. The new shares will value MPS above healthier peers, exposing underwriters to likely losses on any shares left on their books, bankers and analysts say. On Tuesday, a source with knowledge of the matter told Reuters that MPS had secured some 30 million euros ($29 million) from local not-for-profit banking foundations in its home region.

The logo of Monte dei Paschi di Siena bank is seen in a bank entrance in Rome, Italy August 16, 2018. Closer ties could hamper MPS' future search for a merger partner as the state seeks to cut its 64% stake. The banks organising the stock issue, however, have long seen the need for cornerstone investors, sources had previously said. Anima could contribute up to 250 million euros towards MPS' capital raise, when including an upfront payment for the improved partnership terms, a source had previously said. The state is allowed to cover 64% of MPS' capital raise based on the size of the stake it acquired after a 2017 bailout.

☆ Nici un caz de rabie umană în 2020
▼ + stars: | 2021-01-15 | by ( ) www.ipn.md time to read: 1 min

Nici un caz de rabie umană în 2020Situația epidemiologică la rabie continuă să fie alarmantă în rândul animalelor. Pe parcursul anului trecut, au fost înregistrate 91 de cazuri. Din fericire, nu a fost înregistrat nici un caz de rabie umană, transmite IPN. Potrivit datelor Agenției Naționale pentru Sănătate Publică, cele 91 de anim...

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