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The Worm readies himself to face the music over EMI deal

first_img Share KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search Ads Read This NextThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap whatsapp Sunday 24 October 2010 11:24 pmcenter_img ONE of Citigroup’s top investment bankers, David Wormsley, will take to the stand as early as today after he was called as a hostile witness by the lead counsel for Guy Hand’s private equity firm Terra Firma on Friday in the legal dispute over the sale of EMI in 2007. David Boies told District Judge Jed Rakoff he intended to call Wormsley shortly after Hands completes his testimony over the sale of the record label. A source familiar with the case said they expected it to last at least another week if not two before the jury is sent out to consider its verdict. There are few signs of an out of court settlement being agreed. Apparently the two former friends have had several opportunities to speak to one another without a single word being uttered between them.The case hinges on three phone calls during which Hands claimed in three days of testimony that Wormsley, known as the Worm in the City, misled him about the 2007 auction of EMI leading Hands to overpay for the record label.Wormsley’s lawyers have contradicted Hands’s account of the phone calls between them in May 2007. Show Comments ▼ whatsapp The Worm readies himself to face the music over EMI deal   Tags: NULLlast_img read more

Russians rush to list in London

first_img RUSSIAN steel pipe maker ChelPipe has become the third company from the former Soviet Union to announce a listing on the London Stock Exchange this week.The company, which is to launch an initial public offering (IPO) of up to $1bn (£635.2m), follows pump manufacturer HMS Hydraulic and coking coal producer KOKS earlier this week.The majority owner of the firm, Russian billionaire Andrei Komarov, is set to sell some of his stake as part of the flotation.The share list price and further details of the IPO are expected in early February, a source close to the deal said. Around 40 per cent of the company, which is valued at more than $2bn, is expected to be listed, according to the source.Known in full as Chelyabinsk Tube-Rolling Plant, after one of its two main production facilities in the Ural region of Russia, ChelPipe was established in 1942. It has a 15 per cent share of the Russian steel pipe market and supplies the oil and gas industry.Vice chairman at Renaissance Asset Managers Ashar Qureshi said the deal showed how companies from emerging markets were coming of age.He said: “For most emerging market issuers it is complicated listing in London or in a mainstream exchange, this is particularly true for companies in the early stages of development. As time progresses this is becoming less and less of an issue.”However, he said the flurry of Russian listings did not mark a trend for the country’s firms to list in the UK.“It’s not indicative of a surge. Other markets and listing venues, such as Hong Kong, are growing in importance as reference points,” he said. Share Read This Next’Pose’ Creator Steven Canals on Life After His Groundbreaking Show: ‘I’mThe Wrap’The Boys’ Star Aya Cash Took Inspiration From YouTube, TikTok and SteveThe WrapHow HGTV’s ‘Renovation Island’ Changed Bryan and Sarah Baeumler’sThe Wrap’Bridgerton’ Stars Phoebe Dynevor and Nicola Coughlan on Daphne andThe WrapBest Wine Gifts & Wine Accessories at Every PriceGayot’Hitman’s Bodyguard’s Wife’ Earns $17 Million 5-Day Opening as Box OfficeThe WrapFox News’ Mark Levin Says Capitol Riot Suspects ‘Would Be Treated Better’The WrapEverything We Know, or Think We Know, About the Time-Keepers on ‘Loki’The Wrap’The Crown’: What Went Into Finding Princess Diana and Margaret ThatcherThe Wrap KCS-content Tags: NULL Thursday 13 January 2011 7:43 pm Russians rush to list in London Show Comments ▼ whatsapp whatsapplast_img read more