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Kretinsky’s EPH to Buy Enel’s Stake in Main Slovak Power Utility

(Bloomberg) — Czech billionaire Daniel Kretinsky’s industrial holding agreed to buy Enel’s stake in Slovenske Elektrarne, Slovakia’s main energy utility that also owns nuclear power plants. Kretinsky’s Energeticky a Prumyslovy Holding AS will acquire the remaining 50% stake in Slovak Power Holding BV from Enel Produzione SpA, exercising an early …

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Immigration and trade policies cloud next year’s outlook, RBC CEO says as two major banks report Q4 earnings

Open this photo in gallery: RBC and National Bank both posted higher fourth-quarter profit Wednesday that exceeded analyst estimates.Mark Blinch/Reuters Royal Bank of Canada’s chief executive officer says tighter immigration and trade policies are clouding the banking industry’s outlook for next year, and political leaders need to resolve the concerns …

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Government to scrutinise £5.3bn Royal Mail takeover

The new Labour government is set to look closely at the £5.3bn takeover of Royal Mail-owner International Distribution Services by Czech billionaire Daniel Kretinsky. Business secretary Jonathan Reynolds said it would be “reasonable to expect [the deal] to be called in”, as ministers had intervened when Kretinsky increased his stake …

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