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Cadogan
’Snap news
Breaking pre-market news on Thursday:
- Petropavlovsk says production schedule for the rest of the year is very challenging – statement.
- Nestle completes sales of remaining shares in Alcon to Novartis for $28.3bn – statement.
Cadogan agrees spin-off from Fortis
US hedge fund group Cadogan Management has signed a deal to spin off from Fortis Bank, in a step that investors hope will attract new assets, reports Reuters. Cadogan will be fully owned by its employees after the deal closes,