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Thursday, November 7 2024
Brazil's Gol Signs Deal with Abra for Credit to Exit Chapter 11
Brazilian airline Gol said on Wednesday it has signed a deal with shareholder Abra to reinforce its current restructuring plan and raise credit to exit bankruptcy, including the conversion of $950 million in Abra's secured debt…
Thursday, November 7 2024
Atos Agrees to Sell Worldgrid Unit to Alten for €270 Million
Atos SE, the troubled French technology company that’s been fighting to avert bankruptcy, has agreed to sell its Worldgrid unit for €270 million ($294 million) including debt, Bloomberg News reported. French engineering and tech…
Thursday, November 7 2024
India’s Shadow Lenders Retreat as Bad Loans Rise Amid Crackdown
Six years after India’s shadow-banking sector blew up, pockets of stress are building again, prompting firms to start pulling back amid scrutiny from the regulator, Bloomberg News reported. Bajaj Finance Ltd., the country’s…
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