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Energean to sell Med portfolio to Carlyle for up to $945m
Energean said it had signed a deal to sell its portfolio in Egypt, Italy and Croatia to Carlyle Group for an enterprise value of up to $945m, with the private equity firm setting up a separate company to be chaired by former BP Chief Executive Tony Hayward.
Europe midday: Shares up as Swiss slice rates; UK, Norway hold
European shares held gains on Thursday as Switzerland cut interest rates for the second time this year while the UK and Norway held firm.
Europe open: Shares rally as eyes turn to rate decisions
European shares rallied at the open on Thursday as investors eyed rate decisions from the UK, Switzerland and Norway.
China holds hey rates steady
China left key lending rates unchanged at its monthly fixing, in line with expectations.
DS Smith profits fall on weak demand, inflation
Paper and packaging company DS Smith reported a fall in annual profits driven by weak volumes and high inflation, but said it expected higher prices and demand would boost a recovery in the second half of the current year and into 2026.