Drax appoints Deutsche to carry out DrKW plan

Drax, the troubled UK power station, has appointed Deutsche Bank to carry out the recommendations of a strategic review conducted by rival bank Dresdner Kleinwort Wasserstein.

Drax, which is owned by its creditors, said in a statement last night that Deutsche Bank had been appointed lead adviser and sponsor for a proposed equity listing and debt re-financing.

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Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on ItExternal link

Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on It