Industri Kapital, a Swedish private equity firm, is set to begin the auction for Dyno Nobel, the Norwegian explosives group it bought five years ago. The buy-out firm is set to make a profit of $300m (€248.8m) on the deal, according to sources close to the sale.

They said the auction will value the company at over $1.5bn.

Industri Kapital sets off auction of Dyno Nobel

Andrew Dewson

Kohlberg Kravis Roberts

Blackstone Group

Citigroup

Lazard hires HSBC dealmaker Altajir to lead new Abu Dhabi office

Wall Street bank executives say M&A is paused, not slumping because of tariffs

Goldman Sachs M&A fees drop 22% as stock traders post record quarter

Deutsche Bank hires top Barclays banker Swerling as global head of ECM

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The German lender has hired Barclays’ co-head of equity capital markets to lead its team globally

Trading Places: Barclays hires new M&A boss, Julius Baer restructures again

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Find out who is on the move in the City and beyond this week

HSBC hands Blackburn top risk role as shake-up continues

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The UK lender has given the leading compliance job to a 20-year veteran

Once an heir apparent for Larry Fink, Wiedman now tops the list of potential successors to PNC chief Bill Demchak.

PNC Names Former BlackRock Star Mark Wiedman as President

The European Union has a plan to counteract the swathe of tariffs U.S. President Trump is planning to impose on foreign goods, European Commission President Ursula von der Leyen said.

EU Has Plan to Retaliate on U.S. Tariffs, Von der Leyen Says

The Japanese investment firm is entwining its fortunes with a company that expects to lose billions of dollars for years to come, in the hope that it will emerge as the leader in AI.

How Is SoftBank Funding Its Mega Investment in OpenAI? A Lot of Debt

The BlackRock CEO says he wants individuals to have better access to the menu of private and illiquid investments that have long been core holdings of pensions, endowments and other institutions.

Larry Fink Says Regular Americans Need Private Assets Too

The prospect of a radical escalation in the global trade war in the coming days has nearly doubled the probability of a recession in the U.S. economy in the next 12 months to around 35%, according to Goldman Sachs.

Goldman Sachs Lifts U.S. Recession Probability to 35%

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