Meridiam signed an agreement to acquire an 85% stake from Cintra subsidiary of Grupo Ferrovial, and
Unicaja Banco in Autopista del Sol, two independent motorway concessions Ausol I and Ausol II.
According to Bastien Drut, Senior Strategist at CPR AM, the context of the US economy in 2019 is not unlike that of 2007, that is to say, a period of economic slowdown that preceded the recession of 2008/2009.
Net new assets in the European ETF market slowed again in May to €1.8bn from the €3.7bn we saw in April. This was largely due to a significant decrease in fixed income ETF inflows (€0.5bn from €4.1bn). Equity ETFs experienced some very modest outflows (€-15m).
Average cash balance soars to 5.6% from 4.6% for each of the last three months, marking the biggest jump in cash since the debt ceiling crisis in 2011; allocation to cash jumps 10ppt from last month to net 43% overweight
On 13 June 2019, RATP once again successfully issued “Green Bonds”, in the amount of €500
million, with a ten-year maturity date. The exceptionally successful transaction, which has a
substantial subscription rate (>5 times), is fully in line with RATP Group's CSR effort and
demonstrates the Group's determination to meet the challenges regarding the ecological
transition and climate change.