Un incendio declarado cerca de la vía férrea entre Alcolea y Córdoba capital ha provocado la suspensión de la circulación de trenes de alta velocidad entre Madrid y Andalucía. La densa humareda ha afectado la visibilidad en la zona.
French retailer Decathlon and Chinese investment group BA Capital have acquired stakes in British folding bike maker Brompton for an estimated £18m. The investment aims to fund expansion, leverage market knowledge, and provide liquidity for long-term shareholders, as the cycling market recovers from a post-pandemic slump.
Saba Capital, the activist hedge fund led by Boaz Weinstein, has secured control of Edinburgh Worldwide Investment Trust after shareholders voted Thursday to oust chair Jonathan Simpson-Dent and five other board members, installing three Saba-backed nominees. The victory gives Weinstein's firm control of the Baillie Gifford-run trust, whose largest holding is SpaceX at about 20% of the portfolio. SpaceX, with an imminent IPO, generated a staggering 947% return for EWIT since 2018. Saba plans to reposition the trust toward UK-listed investment trusts and target a single-digit discount to NAV through share buybacks.
Saba Capital Management's tender offers for shares in non-traded business development companies managed by Blue Owl Capital and Starwood Capital came in below expectations, acquiring only about $10 million in aggregate face value across 190 trades. The Blue Owl OBDC II tender failed to garner more than 1% of what was offered, while most trades came from Starwood's SREIT. The low participation reflects investor reluctance to liquidate at steep discounts amid elevated redemptions across private-credit funds.
