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IPO to value Dong at $15bn feeds currency hedge speculative bets

  Bloomberg What looks set to become Denmark’s biggest initial public offering in more than a decade may add to pressure on the krone at a time when the exchange rate is already testing levels last seen during a 2015 speculative attack. With 15 percent of Dong Energy A/S slated to be sold to the public next month, the potential ...

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Three French Total refineries partially halted amid protests

  Bloomberg Production at three Total SA refineries in France was disrupted following a vote by workers to stop the plants amid discontent over the government’s handling of a proposed labour law. A number of production units at the Gonfreville refinery in Normandy, Feyzin near Lyon and at Donges, close to Nantes, have been shut down, industry group Union Francaise ...

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