Tags: Investment
Drake & Morgan Supported by Bowmark Capital
Bowmark Capital invests in Drake and Morgan after the management buyout. Bowmark Capital, a medium market equity firm based in the UK expressed support for the financial expansion and management buyout of Drake & Morgan.
France's Total Invests in Libya
France's Total Oil is in the process of exploring gas in Libya, a sign of the return to normalcy for the Middle East country's oil business.
Alupar IPO in Sao Paulo a success
Alupar IPO in Sao Paulo raises nearly US$421 million. The Brazilian electricity transmission and generation company, Alupar Investimento SA had raised nearly US$421 million in the first initial public offering in South America, It is the first utility to do so since the Lehman Brothers bankruptcy in 2008.
Fitch Lowers UK Rating
Fitch lowers UK rating to AA+ from AAA, following the S&P ratings change. In an expected announcement, Fitch Ratings has cut Britain's top credit grade ratings.