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UPDATE 1-Saudi sovereign wealth fund PIF sells McLaren stake to Bahrain -Sky News

Bahrain's state investment fund Mumtalakat is buying preference shares and warrants worth 400 million pounds ($510.48 million) in carmaker McLaren from Saudi Arabia's Public Investment Fund (PIF) and Ares Management, Sky News reported on Wednesday.

Saudi arabiaUnited kingdomBharat govind gautamMatthew lewisChris reeseKhalid al rumaihiSaudi arabia public investment fundThomson reuters trust principlesPublic investment fundAres managementSky newsBengaluru editingThomson reuters trustContent produced in bangaloreEdgar submission typesc arC ar a

Portugal s Novo Banco profit up on higher interest rates, cost control

Portugal's fourth-largest bank, Novo Banco, reported on Friday a 4% rise in first-quarter net profit, benefiting from higher interest rates and strict cost controls, which allowed it to further boost its capital ratios.

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UPDATE 1-Portugal s Novo Banco reports profit growth, CEO sticks to IPO plans

Portugal's fourth-largest bank, Novo Banco, reported a 4% rise in first-quarter net profit on Friday and CEO Mark Bourke said the lender still plans to launch an IPO once banking sector turmoil subsides.

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BRIEF-Switzerland s Zürcher Kantonalbank Has Held Takeover Talks With GAM - FT

SWITZERLAND’S ZÜRCHER KANTONALBANK HAS HELD TAKEOVER TALKS WITH GAM- FT Source text: https://on.ft.com/41LRhos Further company coverage:

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UPDATE 2-Japan s Sumitomo Mitsui Trust to invest $1 5 bln in Apollo funds

Sumitomo Mitsui Trust Holdings will invest $1.5 billion in funds managed by Apollo Global Management, the Japanese firm said on Thursday, in a partnership ranging from private equity and real estate to infrastructure.

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