The listed toll road developer reported a 9.7% increase in its interim revenue to A$416m as traffic increased on all but two of its Australian toll roads. Net profit of A$3.2m was sharply lower compared with the six months ended 31 December 2007.
2 min read · 08 February 2013
Draft legislation in circulation on Capitol Hill envisions a 'National Infrastructure Reinvestment Corporation' that would spur $48bn of infrastructure investment by providing grants, loans and tax incentives to select projects sponsored by public, private and non-profit entities.
3 min read · 08 February 2013
The publicly listed company is in discussions with its lenders and noteholders seeking relief from covenants on its debt.
2 min read · 08 February 2013
Carlyle wants to inject £25m into IMO Carwash, while TPG reportedly has offered to write a €60m equity cheque for UK chemicals company Vita. The actions are meant to trigger debt write-downs from portfolio company creditors.
2 min read · 08 February 2013
The US distressed investor is reportedly interested in rescuing the UK’s largest estate agency from the brink of collapse. Apollo acquired the firm at the height of the UK housing bubble for £1bn.
2 min read · 08 February 2013
US distressed investor Oaktree Capital Management is reportedly interested in rescuing the UK’s largest estate agency from the brink of collapse. Apollo acquired the firm at the height of the UK housing bubble for £1bn.
2 min read · 08 February 2013
Dubai International Capital and Dubai Group have been placed into the same holding company, while the debt-laden emirate has also combined back office functions for its three real estate entities.
2 min read · 08 February 2013
Borrowers in cyclical sectors, such as the motor trade, chemicals and the media, are likely to have difficulty restructuring their debt, according to recent data. Recovery rates for European buyout debt are likely to hit their lowest ever.
2 min read · 08 February 2013
Ronan Agnew has left the bank less than a year after he relocated to Hong Kong from London.
1 min read · 08 February 2013
The French firm's consolidated revenues have surpassed €4bn for the first time. Debt levels are not a concern either at portfolio or group level, the firm has said.
2 min read · 08 February 2013
