ECB Buys LVMH Bonds To Finance Tiffany’s Acqusition, Making France’s Richest Man Even Richer

When France’s richest man, LVMH boss Bernard Arnault, shocked the market last November with his $16 billion purchase of jewelry icon Tiffany, he knew he would have to issue about $10 billion in bonds to fund the deal. He also knew it wouldn’t be a problem, for one reason: the ECB would be there to […]

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