Drahi’s €20.4B SFR Sale: France Telecom Goes 4-to-3
Patrick Drahi agreed to sell SFR to a Bouygues-Iliad-Orange consortium for €20.4B ($23.5B). Inside the carve-up, the buyers, and the antitrust gauntlet.
Europe
Ingredion’s £2.7B Tate & Lyle Bid: Another FTSE Name Exits London
Ingredion will buy UK ingredients group Tate & Lyle for 595p a share — a 59% premium and another bargain-Britain take-private. Here’s the deal math.
EU Opens FSR Probe Into JD.com’s $2.5B Ceconomy Bid
Brussels launched an in-depth Foreign Subsidies Regulation probe into JD.com’s EUR2.2B/$2.5B takeover of MediaMarkt-Saturn parent Ceconomy AG.
Russell 2026 Reconstitution: A $217B Day, Now Semi-Annual
FTSE Russell’s preliminary 2026 additions and deletions hit on May 22. The flip goes effective after the June 26 close – and now happens twice a year.
Citi, BlackRock’s HPS Strike €15B EMEA Credit Deal
Citi and HPS Investment Partners launch a €15B EMEA private capital program — the European sequel to Citi-Apollo, now with BlackRock’s scale behind it.