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Essity AB is preparing to kick off the sales process for its consumer tissue business as soon as next month, according to people familiar with the matter, after activist investor Cevian Capital took a minority stake in the Swedish company.
Over the past three decades, investor Fang Fenglei has had a major role in shaping Chinaโs capital markets. He worked with Morgan Stanley in the early 1990s to help create the countryโs first joint venture investment bank โ China International Capital Corp. Then, at the start of the millennium, he spearheaded the listing of state-owned giants in Hong Kong as CEO of Bank of China International, later chairing a China joint venture with Goldman Sachs. Now the chairman of Hopu Investments, Fang...
Novartis AG shareholder Artisan Partners said the Swiss drugmaker needs to shake up its board and improve dealmaking after its shares plunged following three major clinical trial setbacks, Reuters reported.
European stocks were steady on Thursday as oil and bond markets stabilized, while Deutsche Telekom AG gained on news that activist investor Elliott Investment Management has built a sizeable stake.