The conglomerate is merging its plane-leasing unit with Ireland’s AerCap. Boss Larry Culp will, for now, be stuck with just under half of a highly leveraged business. Investors in GE know that divestments can take years and that, in the meantime, they can t expect a clean break.
Buyout group CVC may ditch a $700 mln deal for tower assets after a military coup, but Norway’s Telenor, a big taxpayer, and TPG are heavily invested. How the industry deals with the junta offers a proxy measure of how patient foreign investors will be with any new regime.
Women are likely to embrace flexible work policies in the post-pandemic new normal. That could threaten prospects for promotion, an earlier study of China’s $24 bln Trip shows. Employers need to manage the bias, or efforts to be enlightened will deliver the opposite result.
The Mandarin Oriental owner will pay $5.5 bln to buy out its fellow holding company, unwinding a 1980s-era structure designed to fend off tycoons like Li Ka-shing. A low valuation and cheap funding make it a smart time for the storied Hong Kong trading house to reduce complexity.
Nayuki is planning to list in Hong Kong. Demand for its brews is growing quickly, though Covid-19 was a drag. It could be worth $2.4 bln based on where peers trade. Investors may be wary after the Luckin Coffee saga, but smart expansion and cost control would sweeten the pot.