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Mizuho Financial Group, Inc. (MFG)

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  • Mizuho Americas Expands Consumer Franchise with the addition of John Baumgartner as Senior Equity Research Analyst

    Mizuho Americas Expands Consumer Franchise with the addition of John Baumgartner as Senior Equity Research Analyst

    NEW YORK, April 14, 2021 (GLOBE NEWSWIRE) -- Mizuho Americas today announced the hiring of John Baumgartner, CFA, as Managing Director and Senior Consumer Equity Research Analyst covering the US food industry, including plant-based alternatives and healthy lifestyle companies. Baumgartner will be based in NY and is the latest addition to Mizuho’s global consumer franchise which includes Michael Dick, Managing Director, US Consumer/Retail Trading & Specialist Sales also based in NY, and Hiroshi Saji, Director, Equity Research and Toshio Takahashi, Director, Equity Research in Japan. Hiroshi Saji (ranked third in the 2021 Nikkei Veritas survey for Food, Beverages & Tobacco) covers Japanese food & beverage, retail and personal care, and Toshio Takahashi (ranked second in the 2021 Nikkei Veritas survey for Retail) covers Japanese retail. Baumgartner will report to Managing Director and Head of US Equity Research, Susan Gilbertson. “Over a year into the coronavirus pandemic, consumers are more focused on healthier eating habits. As a result, plant-based eating has become more mainstream and companies are working on innovative ways to bring these types of products to market as soon as possible,” said Gilbertson. “Against this backdrop, we are excited to add John’s deep consumer industry expertise to expand our research coverage.” Baumgartner joins Mizuho from Wells Fargo Securities where he served as Director of Equity Research for Food and Agribusiness. Prior to that, he was the Senior Equity Research Analyst for U.S. food at Telsey Advisory Group, and an Agriculture Strategist for Global Commodities Research at Goldman Sachs. Baumgartner holds a Bachelor of Science degree in Finance, with Highest Honors, from Rutgers University. Baumgartner is joined by Misa Batcheller, also from Wells Fargo Securities, where she served as an Equity Research Associate for consumer packaged food (CPG) and an Economic Research Analyst prior to that. Batcheller holds a Bachelor of Arts in Economics, from Wake Forest University. About Mizuho Americas Mizuho Americas is a leading provider of a broad range of financial services, including corporate and investment banking, lending, custody, treasury services, research and capital markets solutions. With professionals across the U.S., Canada, and Latin and South America, Mizuho Americas supports corporate clients, institutional investors, and public sector organizations by connecting local markets to a vast global network. To learn more about Mizuho Americas' business, values, and ethical commitments, and the entities it comprises, visit to www.mizuhogroup.com/americas.​ Mizuho Americas is an integral part of the Japan-based Mizuho Financial Group, Inc. (NYSE: MFG). Mizuho Financial Group is one of the largest financial institutions in the world, offering comprehensive financial and strategic services through its subsidiaries. The group has approximately 900 offices and 60,000 employees worldwide in nearly 40 countries throughout the Americas, EMEA, and Asia. As of December 31, 2020, its total assets were $2.1 trillion. Learn more about Mizuho Financial Group at www.mizuhogroup.com​.​​​ For inquiries, please contact:Jim GormanDirector, Media Relations, Mizuho Americas+1-212-282-3867jim.gorman@mizuhogroup.com Laura LondonVice President, Media Relations, Mizuho Americas+1- 212-282-4446laura.london@mizuhogroup.com

  • Bloomberg

    UAE’s Mubadala May Join $12 Billion Aramco Oil Pipelines Deal

    (Bloomberg) -- An Abu Dhabi sovereign wealth fund may join a group investing in Saudi Aramco’s oil pipelines, in a deal set to be backed by a loan of around $10.5 billion.Mubadala Investment Co., a fund with $232 billion of assets, is in talks with U.S. investor EIG Global Energy Partners LLC, the lead member of the consortium, according to a Mubadala spokesperson.Aramco has helped put together the loan, which the group will use to fund the transaction, according to other people familiar with the matter. BNP Paribas SA, Citigroup Inc., HSBC Holdings Plc and Mizuho Financial Group Inc are among the lenders, said the people. All four banks declined to comment.Washington-based EIG and Aramco, the world’s largest oil company, announced the $12.4 billion deal late Friday. The investors will buy 49% of Aramco Oil Pipelines Co., a recently-formed entity with rights to 25 years of tariff payments for crude shipped through the Saudi Arabian firm’s network. Aramco will own the rest of the shares and retain full ownership of the pipelines themselves.The transaction is part of Saudi Arabia’s drive to open up more to foreign investment and use the money to diversify its economy, which was hammered last year by coronavirus lockdowns and the fall in oil prices.The disposal may also help Aramco reduce its debt and maintain its dividend, the biggest of any listed firm globally. The company -- 98% owned by the Saudi government -- paid out $75 billion to shareholders for 2020.The deal is structured similarly to one last year involving Abu Dhabi National Oil Co. In June, Adnoc raised $10.1 billion by selling leasing rights over its natural-gas pipelines to a group including Global Infrastructure Partners and Singapore’s sovereign wealth fund, GIC Pte.East-West PipelineHSBC advised EIG on the Aramco acquisition, one of the largest this year in the energy sector. Apollo Global Management Inc., Brookfield Asset Management Inc. and BlackRock Inc. were among the other investors that made or considered bids.Mubadala is the second-biggest wealth fund in the United Arab Emirates, of which Abu Dhabi is the capital.The transaction covers all of Aramco’s existing and future pipelines in the kingdom, according to EIG. The company’s vast network includes the East-West Pipeline, which can carry more than 5 million barrels of crude a day from Saudi Arabia’s main fields in the east to Yanbu on the Red Sea.EIG described it as a “lease and lease-back agreement.” Aramco will lease usage rights for its pipelines to the new subsidiary, which will then give Aramco the exclusive right to use the network for the 25-year period in exchange for a quarterly, volume-based tariff. Aramco will retain all operating and capital expense risk, EIG said.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Trip.com Seeks Up to $1.4 Billion Hong Kong Second Listing

    Trip.com Seeks Up to $1.4 Billion Hong Kong Second Listing

    (Bloomberg) -- Online travel platform Trip.com Group Ltd. is seeking to raise as much as HK$10.5 billion ($1.4 billion) in a Hong Kong second listing, adding to the growing cohort of U.S.-traded Chinese companies selling shares in the Asian financial hub.Nasdaq-listed Trip.com is offering 31.6 million shares, according to a statement Wednesday. It has set a maximum price of HK$333 for the portion of the deal reserved for Hong Kong retail investors. That price translates into more than a 6% premium to the company’s closing price in New York on Tuesday, prior to the announcement.Trip.com’s American depositary shares closed 3.4% lower on Wednesday, giving the firm a market value of $23.3 billion.The company plans to price the offering April 13 Hong Kong time, the statement shows. One of Trip.com’s ADS is equivalent to one ordinary share.Trip.com is the fourth U.S.-listed Chinese firm to seek a trading foothold in Hong Kong this year. Search giant Baidu Inc., video streaming service Bilibili Inc. and car sales website Autohome Inc. raised a combined $6.4 billion in the first quarter, according to data compiled by Bloomberg.The companies have been flocking to Hong Kong as a way to hedge against the risk of being kicked off U.S. exchanges as a result of rising Sino-U.S. tensions, as well as to bring in more Asia-based investors. Last year, such second listings raised $17 billion.Still, Trip.com’s share sale in the city comes as tech shares globally are losing their shine. Investors are rotating out of richly valued growth stocks into ones that are expected to benefit from a recovery of the global economy.Baidu has dropped 12% from its listing price in Hong Kong, while Bilibili’s second-listing shares have risen 8.2% after a lackluster debut which saw them close below their offer price.Trip.com, which owns travel search website Skyscanner, reported revenue of 18.3 billion yuan ($2.8 billion) last year, a 49% drop year-on-year due to the coronavirus pandemic, according to its prospectus. It lost 3.27 billion yuan in 2020 after making a profit of almost 7 billion yuan in 2019. While a recovery in international travel has been slow as the pandemic eases, travel within China has rebounded thanks to its relative success in containing Covid-19.The company plans to use the proceeds from the listing to fund the expansion of its travel offerings, improve user experience and invest in technology.JPMorgan Chase & Co., China International Capital Corp. and Goldman Sachs Group Inc. are joint sponsors for Trip.com’s listing. HSBC Holdings Plc and CMB International Capital Ltd. are also helping lead the deal as joint global coordinators, according to a regulatory filing Wednesday.ICBC International Securities Ltd., BOC International Holdings Ltd., CCB International Holdings Ltd., ABC International Holdings Ltd., DBS Group Holdings Ltd., Mizuho Financial Group Inc., Haitong International Securities Group Ltd. and Nomura Holdings Inc. are joint bookrunners, the filing shows.(Updates with ADS closing price in third paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.