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The main trigger is the corruption and incompetence of the country’s leaders in managing money, coupled with ambition that does not match reality, then hit by a worldwide pandemic and recession.
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The transaction was financed by a pool of worldwide banks for roughly $8 billion, plus an equity contribution from each of the consortium members. In addition to Snam, the other consortium members included Global Infrastructure Partners, Brookfield Asset Management, GIC, Ontario Teachers’ Pension Plan, and NH Investment & Securities. Dentons China types part of the firm’s sizeable strong M&A follow, engaged from multijurisdictional transactions throughout APAC, the Middle East, Africa, Europe and the U
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