Palladium Equity Partners To Divest Majority Interest In Trachte To NVent For $695 Mln
(RTTNews) - Private equity firm Palladium Equity Partners, LLC announced Wednesday that it has signed a definitive agreement under which it will sell its majority interest in Trachte to an affiliate of nVent Electric plc (NVT) for $695 million.
Trachte is a leading provider of highly engineered protection and control buildings with mission critical applications. Its products and services are a critical part of protecting essential controls, equipment, and infrastructure for electric utilities, data centers, and other commercial and industrial customers.
Palladium, which focuses on transforming family and founder-owned businesses, acquired its majority stake in Trachte in 2020.
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European Shares Seen Up With Eyes On Beijing Stimulus
European stocks may edge higher at open on Friday as investors await details of China's forthcoming stimulus at the conclusion of a week-long session of China's top legislative body, the National People's Congress (NPC) Standing Committee, later in the day.
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Pred 5 h 24 min
Sensex, Nifty Subdued; IT Stocks Bounce Back
Indian shares were moving in a narrow range on Friday despite positive cues from global markets after the Federal Reserve and the Bank of England cut interest rates as expected.
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Pred 6 h 53 min
Asian Markets Mostly Higher After Fed Rate Cut
Asian stock markets are trading mostly higher on Friday, following the mixed cues from Wall Street overnight, after the US Fed delivered the widely expected decision to lower interest rates by a quarter point and signaled no intention to skip cutting rates. The Bank of England also cut interest rates. Asian markets ended mixed on Thursday.
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Pred 7 h 49 min
Sensex, Nifty Seen Tad Higher At Open
Indian shares may open a tad higher on Friday, tracking firm cues from global markets. That said, volatility cannot be ruled out due to concerns about Trump policies and caution ahead of earnings results from prominent companies, including SBI, LIC and Tata Motors.
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Pred 8 h 41 min
Japanese Market Notably Higher
Reversing the losses in the previous session, the Japanese stock market is notably higher on Friday, following the mixed cues from Wall Street overnight. The benchmark Nikkei 225 is moving above the 39,500 level, with gains in index heavyweights and exporter stocks.
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Pred 8 h 56 min
Thai Bourse Tipped To Open To The Upside
The Thai stock market has moved higher in two of tree trading days since the end of the two-day slide in which it had eased just over 3 points or 0.2 percent. The Stock Exchange of Thailand now sits just beneath the 1,470-point plateau and it may see additional support on Friday.
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Pred 9 h 12 min
Indonesia Stock Market May Halt Losing Streak
The Indonesia stock market has moved lower in back-to-back sessions, stumbling almost 250 points or 3.3 percent along the way. The Jakarta Composite Index now rests just above the 7,240-point plateau although it may stop the bleeding on Friday.
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Pred 9 h 42 min
Australian Market Significantly Higher
The Australian stock market is significantly higher on Friday, adding to the gains in the previous two sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,300 level, with gains across most sectors led by mining and technology stocks. Energy stocks were the only weak spot.
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Pred 9 h 47 min
