Bear Exec Sees $1B Stake Drop To $61M - March 31

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Uploaded by on Apr 1, 2008

Jimmy Cayne, former Bear Stearns CEO, sold his entire stake in the investment bank for about $61 million, The Financial Times reports. Also, JBIC signed a $44 million development assistance loan with the government of the Republic of Cape Verde to finance a power generation, transmission and distribution capacity building project on Santiago Island, Trade Finance reports. Meanwhile, general syndication for the project financing backing the Aguas Tenidas Copper and Zinc Mine located in the south-west of Spain launched on March 13, Project Finance reports. Finally, David Neeleman, founder and former CEO of JetBlue, has garnered commitments from at least seven PE shops for $150 million to finance a new low-cost airline in Brazil, executives close to the matter told Latin Finance.

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  • smoke dem joint and play that bride, don't give a chit how badly Bear Stearns did!

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