Evergrande deals with default, Beijing takes the lead

For the first time, Evergrande has failed to repay its creditors, said the Bloomberg agency on Tuesday, when the Chinese state invites itself at the head of the ultra-indebted real estate developer to avoid bankruptcy. Private heavyweight in the sector in China, Evergrande is crumbling under around 260 billion euros in debt. The group has […]

KKR buys Edge Observatory in New York for more than $ 500 million

KKR has acquired a controlling stake in Edge, the highest outdoor observatory in the West, located in New York, the investment firm said, for $ 508 million, according to several US media outlets. Inaugurated in 2020, Edge is a giant terrace open to the public and located 335 meters high, which is higher than the […]