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Alexander Smith

Indebted Porsche running out of options

Porsche may own a lot of options over Volkswagen shares. But the German sports car maker is increasingly bereft of alternatives when it comes to financing its own stretched balance sheet.
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Chinese medicine for Repsol YPF headache

Antonio Brufau's luck is looking up. It seems as though China's thirst for oil could finally rescue the Repsol chief from the Spanish oil company's painful foray into Argentina....
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Commerzbank acts fast to bury Kleinwort

Dresdner Bank spent 15 years tinkering with the investment banking operations of Kleinwort Benson, the UK merchant bank it bought in 1995. ...
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Porsche faces smaller stake in VW combi

Deciding they needed one another was the easy bit. Now Porsche and Volkswagen must work out how to square a huge difference in valuations in devising a structure for the proposed combination. ...
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Look to deal numbers for M&A green shoots

Volumes may be down, but there are green shoots appearing in the M&A market after the frozen winter of financial distress. ...
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