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Exclusive: 'Car vending machine' firm Carvana hires banks for IPO – sources
U.S. used-auto retailer Carvana LLC, which allows customers to pick up cars they buy on the internet from vending machine-like towers, has tapped investment banks for an initial public offering, according to people familiar with the matter. The move comes as more consumers become comfortable with online used-car purchases. TrueCar
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Modon Holding Expands Global Footprint with Arena Events Acquisition
Modon Holding, an Abu Dhabi-based investment firm, has secured a deal to acquire Arena Events Group, a prominent player in the temporary infrastructure and event solutions sector. The acquisition also includes Theta Bidco, the parent company of Arena, marking a
Gulf’s Mega‑Fund Exits Bank of America Stake
Kuwait Investment Authority, the sovereign wealth fund managing over US $1 trillion in assets, has divested a US $3.1 billion stake in Bank of America, according to sources familiar with the unregistered block trade. The shares were sold at US $47.95 each—at the bottom of
Brexit makes campsites cool again as Britons tighten belts | Reuters
By Kate Holton and William Schomberg | NEWTON FERRERS, England/LONDON NEWTON FERRERS, England/LONDON Before last year's Brexit vote, Scott McCready was
