Blackstone floats New Skies in second 'quick-flip' IPO

A private equity consortium led by Blackstone of the US has unveiled plans to float New Skies Satellite, a Bermuda-based global satellite operator, less than six months after buying it for $982.8m (€757.3m).

In January, Blackstone raised $800m from a controversial flotation of Celanese, the German petrochemicals company it had bought nearly nine months earlier. Blackstone, which had originally sought $1.05bn from the Celanese float, also paid itself $100m in special fees at the time of the listing.

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Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is ReachedExternal link

Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is Reached