Selected European Holdcos and DLCs: September Report
Discounts to NAV for our selected European holdcos and DLCs have generally tightened during September. Interesting situations are Kinnevik and BHP.
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IFM/Naturgy: Board Opinion And Bid Scenarios
It could potentially be interesting to stay up to 2 October, in case there is an improvement in IFM's offer and sell upon the news, unless one...
453 Views
IFM/Naturgy: Start of Offer Period
Gross spread is 1.36%. A sweetened offer is likely, as are new share purchases by Criteria. Core strategy is long and tender (or upon possible...
527 Views
IFM/Naturgy: New Developments
The shares are highly likely to increase over the adjusted offer price on account of Criteria's purchases. From an event-driven perspective, I...
358 Views
Selected European Holdcos and DLCs: June Report
Discounts to NAV for our selected European holdcos and DLCs have not shown a clear trend in June. Kinnevik seems a bit overvalued, while Alba and...
564 Views