By Reuters Staff 2 Min Read * Scheme received unanimous support of relevant lessors * Khazanah to pump 3.6 bln rgt to fund MAG until 2025 * Group restructuring expected to complete early March KUALA LUMPUR, Feb 22 (Reuters) – Malaysia Aviation Group obtained court approval in Britain on Monday for an agreement between the…
HONG KONG — HSBC Holdings is expected on Tuesday to unveil a renewed effort to push further into Asia and to relocate some top executives to Hong Kong as the bank accelerates its largest overhaul in decades to address years of underperformance. With the U.K.-based bank’s business recovering in the fourth quarter, CEO Noel Quinn…
Teneo is a portfolio company of funds advised by CVC Capital Partners, who are making an incremental equity investment as part of this transaction. The transaction, which is subject to regulatory approval, further extends the range of market-leading advisory services that Teneo provides to business leaders, their boards, companies and a wide range of institutions…
HOUSTON–(BUSINESS WIRE)–Grant Thornton LLP is expanding its restructuring-services offerings for oil and gas by hiring Loretta Cross and John Baumgartner. Based in Houston, Cross and Baumgartner join as managing directors who will be part of the firms Strategy and Transactions practice. Loretta and John possess tremendous restructuring experience with deep roots in the oil and…
NEW YORK and LONDON, Feb. 16, 2021 /PRNewswire/ –Teneo, the global CEO advisory firm, today announced a major expansion of its international consulting capabilities with an agreement to acquire the Restructuring Services business of Deloitte UK. Teneo is a portfolio company of funds advised by CVC Capital Partners, who are making an incremental equity investment…
Victoria Kay Leeds-based law firm Clarion has appointed a new legal director to its business restructuring and insolvency practice. Victoria Kay has experience acting on both bank-led and business-led restructuring work, acting for insolvency practitioners on formal insolvencies and advising businesses and directors on a range of financial distress related issues. She also has notable…
Australian supermarket and retail chain, the Coles Group, last week indefinitely extended the three-month lockout of workers at its Smeaton Grange warehouse in southwestern Sydney. This is part of an attempt by Coles, one of the countrys largest companies and employers, to satisfy the dictates of the global financial markets, which are demanding higher investment…
Renault Samsung Chief Executive Dominique Signora made the comments as the company struggles with lower vehicle sales and high labor and manufacturing costs TopicsRenault|Samsung|Automobile IANS | Seoul Last Updated at February 16, 2021 09:17 IST The chief of Renault Samsung Motors said on Tuesday that restructuring will be inevitable for the survival amid the prolonged…
Reforms to small business insolvency rules are designed to relieve the debt burden on small businesses hit hard by COVID-19. Photo: File. Small businesses struggling with debt have been offered a lifeline through reforms to small business insolvency rules. The changes to Australias insolvency rules were designed to assist with restructuring and relieving the debt…
The shake-up of Britain’s big four audit firms is to continue in earnest when Deloitte unveils the sale of its restructuring arm to Teneo, a strategic consulting firm which advises many of the UK’s biggest companies. Sky News has learnt that Teneo, which is backed by the private equity firm CVC Capital Partners, is in…