The in-principle agreement involving huge asset swaps
is part of a major restructuring of Germany's energy market as Europe's powerhouse switches from conventional to renewable power.
Tom Wilson, president and CEO of Magellan, said, 'Completing our asset swap
transaction with Santos is a transformational milestone for Magellan Petroleum and illustrates the continued execution of our turnaround strategy set in place last year.
The asset swap
spread performs essentially the same function as a CDS spread, so the two should be related by arbitrage.
Tesco and Carrefour began talking to each other about an asset swap
two months ago, but Mr Higginson said there were no plans to do similar deals in the near term.
JSG said in a statement that earnings were due to higher interest charges associated with a leveraged capital structure, the absence of significant associate earnings and the completion of an asset swap
with their SSCC partners at the end of March.
ING Canada agreed to a complex asset swap
with Zurich Canada.
Vivendi Universal topper Jean-Marie Messier has denied rumors that the company plans to sell its 23% share in satcaster BSkyB and says Vivendi U is still discussing an asset swap
with another media concern.
The parties also addressed issues related to the asset swap
between Gazprom and OMV.
M2 EQUITYBITES-September 23, 2015-Segro Completes Asset Swap
with UK Commercial Property Trust
INTERIOR minister Socrates Hasikos acknowledged yesterday that the government and the Central Bank (CBC) have conflicting estimates regarding an intended asset swap
between the two, but sought to downplay the matter.
According to Deutsche, the deal incorporates an asset swap
combined with a cash balance negotiated directly with the seller.
One-offs for the first six months of 2013 included the asset swap
with German E.