Ahold Delhaize: Feedback from CMD and roadshow with CEO
Post-CMD and roadshow with the group's CEO, we welcome the strategic plan more skewed towards business reinvestment aimed at leveraging volumes with sufficiently invested assets. However, this admittedly removes any hopes of a further "beat and raise" cycle and leaves us with no material short-term
Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.
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