Download PDF Introduction On September 10th, Italy’s UniCredit SpA [ETR: CRIN] has acquired a total 9% stake in the German Commerzbank AG [FWB: CBK], half of it directly off the hands of the German finance agency. About a week later the stake was increased to 21%, the majority of it Read more…
Download PDF Introduction The German economy has navigated through a challenging landscape marked by the aftermath of the COVID-19 pandemic, energy crises, and ongoing global economic uncertainties. Germany, historically recognized for its export-led growth, faced a contraction in GDP of 0.3% in 2023, with economic activities dampened by a loss Read more…
Download PDF Introduction Currently, nuclear energy provides about 10% of the world’s electricity, producing it in 440 active power reactors as of 2021. The United States has almost 100 nuclear reactors, even though it generates most of its electricity from fossil fuels and hydroelectric power. Unlike in the US, nuclear Read more…
Download as PDF Introduction KKR, the massive American private equity (PE) fund, has agreed on the 10th of February, 2020, to sell the ultrafast German fiber internet business Deutsche Glasfaser in a €2.8bn deal to EQT and Omers, respectively a private equity firm and a Canadian pension fund. According to Read more…
Introduction This is the second and last part on BSIC’s report about the oil industry. In this article, we set out to discuss the most relevant determinants of oil demand in the short to medium term. We analyze the effects that a predicted economic slowdown would have on the consumption Read more…
Introduction Over the past ten years, Germany has always been the leading European country in terms of economic growth. Notwithstanding a series of emergencies arising from Southern Europe, such as the Greek government-debt crisis and the Italian political instability, the federation was able to deliver an impressive economic performance, corroborated Read more…
Introduction A persistent financial crisis, the rising of regional tensions, the concerns of a trade war and many other facts have recently been catching up with the M&A-friendly international environment. Protectionism seems now to pervade the new world order. Rising economic nationalism is threatening to impact M&A activity across all Read more…
Siemens AG (ETR: SIE) – market cap as of 06/04/2018: €88.8bn Siemens Healthineers AG (ETR: SHL) – market cap as of 06/04/2018: €33.9bn Introduction On March 16, 2018, the German conglomerate Siemens performed an initial public offering of its principal and second most profitable division, Healthineers, on the Frankfurt Stock Read more…
Innogy SE (ETR: IGY) – market cap as of 06/04/2018: €21.2bn E.On SE (ETR: EOAN) – market cap as of 06/04/2018: €19.9bn RWE AG (ETR: RWE) – market cap as of 06/04/2018: €12.2bn Introduction On March 10th, German electricity-utility company RWE announced it had reached an agreement to sell a Read more…
Introduction The aim of this article is to analyse the current CDS spread of France with respect to Germany, and propose a profitable strategy for betting on the convergence of the spreads. The article is going to provide a brief introduction on the topic of CDS, followed by a short Read more…
Introduction Chinese buyers are becoming increasingly important in worldwide M&A activities. Their deal volume has increased from $259bn in 2013 to $735bn in 2015, of which $61bn were closed cross-border transactions. In 2016 the numbers have considerably increased: announced cross-border activity reached $96bn in Q1 and the up-to-date expected volume Read more…
Introduction As the financial system stabilises after the recent crisis, three distinct business models are emerging. First, focused retail institutions with a specific offering of products and services, such as American regional banks and Europe’s savings banks. Second, investment banks which also operate asset management businesses and private equity investments. Read more…
The European debt crisis seems to have taken the way of recovery and the rates for European government bonds reflect a positive economic outlook in the Euro area. The Euro Stoxx 50 Index includes Europe’s leading Blue-chips companies. Actually, these companies are considered as safe as AAA European countries (Germany, Read more…