BusinessLatest Business and Company Updates
Swiss Skincare Firm Galderma Hits SFr 2.6bn Stake Sale
Shareholders of the Zurich-listed skincare company Galderma Group AG have secured approximately SFr 2.6 billion through a sale of an 8.4 per cent stake via accelerated book-building, making it the largest secondary share placement since the firm’s IPO. The sale by the consortium led by the private-equity house EQT
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Millennium Hotels leans on MENAT for global growth
Millennium Hotels and Resorts is sharpening its expansion strategy by placing the Middle East, North Africa and Turkey at the centre of its global growth plans, using the region’s aviation reach, investment climate and tourism depth to connect Asia with
Emirates expands China reach through Loong Air tie-up
Emirates has signed an interline agreement with China’s Loong Air, widening its access to 22 additional destinations across the mainland and strengthening its competitive position in one of the world’s most strategically important aviation markets.The arrangement, effective immediately, enables Emirates
FAB secures strong demand for five-year bond
First Abu Dhabi Bank PJSC has priced a $750 million five-year senior unsecured Eurobond under Regulation S, drawing strong investor demand and tightening pricing well inside initial guidance as global credit markets show continued appetite for high-grade Gulf issuers.The fixed-rate
