Partners Group, CVC Team Up to Rival Celanese for CeramTecBC said to seek over $4.7 billion for technical-ceramics makerNext-round bids due around July 19 as buyout activity surgesByDinesh Nair, Jan-Henrik Foerster, and Kiel Porter+FollowJuly 14, 2021 at 12:51 PM EDTUpdated onJuly 15, 2021 at 3:49 AM EDTShare this articleCopiedFollow the authors@DNair5+ Get alerts forDinesh Nair@JanFoe+ Get alerts forJan-Henrik Foerster@kielporter+ Get alerts forKiel PorterBuyout firms Partners Group Holding AG and CVC Capital Partners have teamed up against chemicals company Celanese Corp. in the bidding for German technical-ceramics maker CeramTec GmbH, according to people familiar with the matter.Owner BC Partners has called for next-round bids around July 19 and is seeking a valuation of at least 4 billion euros ($4.7 billion), the people said, asking not to be identified because discussions are private.LIVE ON BLOOMBERGWatch Live TVListen to Live RadioVideo Player is loading.Play VideoPlayUnmuteCurrent Time 0:00/Duration 0:00Loaded: 0%Progress: 0%Stream Type LIVERemaining Time -0:00 Playback Rate1xChaptersChaptersCaptionscaptions settings, opens captions settings dialogcaptions off, selectedFullscreenThis is a modal window.An error has occurred. Reload the web page or use another browser. Error 3Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.Play Again {"contentId":"QW88EUT1UM0W01","position":"box1","dimensions":{"small_desktop":[[300,600],[300,250],[3,3],[1,1],"fluid"],"large_desktop":[[300,600],[300,250],[3,3],[1,1],"fluid"]},"positionIncrement":1,"targeting":{"position":"box1","positionIncrement":1,"url":"/news/articles/2021-07-14/partners-group-cvc-team-up-against-celanese-in-ceramtec-bidding"},"containerId":"box-7030"}Most ReadTechnologyBillionaire Investor Carl Icahn Is Betting Against GameStop SharesMarketsFTX Latest: Hearing Ahead; Trabucco Used Poker Tactics to TradeBusinessweekTech Layoffs Send H-1B Visa Holders Scrambling for New JobsIndustriesWhen Disney Decided to Dump its CEO, the Change Happened FastBusinessDisney Shares Jump on Optimism Over Iger’s Surprise Return var _____WB$wombat$assign$function_____ = function(name) {return (self._wb_wombat && self._wb_wombat.local_init && self._wb_wombat.local_init(name)) || self[name]; }; if (!self.__WB_pmw) { self.__WB_pmw = function(obj) { this.__WB_source = obj; return this; } } { let window = _____WB$wombat$assign$function_____("window"); let self = _____WB$wombat$assign$function_____("self"); let document = _____WB$wombat$assign$function_____("document"); let location = _____WB$wombat$assign$function_____("location"); let top = _____WB$wombat$assign$function_____("top"); let parent = _____WB$wombat$assign$function_____("parent"); let frames = _____WB$wombat$assign$function_____("frames"); let opener = _____WB$wombat$assign$function_____("opener"); let arguments; { window._brandmetrics = window._brandmetrics || []; window._brandmetrics.push({ cmd: "_loadsurvey" }); }}{"story":{"audios":[],"abstract":["BC said to seek over $4.7 billion for technical-ceramics maker","Next-round bids due around July 19 as buyout activity surges"],"adCode":"bloomberg\/markets\/deals\/article","adTargeting":{"suid":"QW88EUT1UM0W01","page":"articlejav","currentResource":"Story|QW88EUT1UM0W01","ni":["ASSETMGMT","AUTOMOTIVE","BON","BUSINESS","EQUITYKEY","FAMOFFNEWS","FIALL","FIASST","FIN","INI","MARKETS","PE"],"tagr":[],"kwl":["biz_cartier","biz_googlelisttwo","biz_schwab","biz_generic","biz_lexus2","biz_singlecountry2","biz_United","biz_BMW","biz_boeing","biz_att6","biz_facebook1","biz_facebook2","biz_mulberry","biz_Fidelity_investopedia","biz_hsbcpb","biz_jpmorgan","biz_morg","biz_morgan1","biz_mobkoivca","biz_mobkoirichemont19","biz_kpmg","biz_socgenoctnov19","biz_wellspop","biz_porsche","biz_porsche2019","biz_burberryhk","biz_porsche2020","biz_kpmgpg","biz_mobkoifacebookpolicyaffairs","biz_mstouts2020","biz_signet","biz_cartier3","biz_signet2","biz_mobkoiintel","biz_socgen2020","biz_vancleef1","biz_cigna","biz_vca","biz_mobkoiintel2","biz_mobkoicastrol","biz_msci","biz_facebookpgemea21","biz_vacheron_2021","biz_iwc_2021","biz_panerai","biz_vancleef_2022","biz_cartier2022","biz_vcawatches2022","biz_Chanel","biz_chanelbleu","biz_vac2022"],"sites":["markets","deals"],"tickers":[],"language":"en","gs_cat":["hnwi_aiq_custom","csuite3_aiq_custom","sme2_aiq_custom","gs_economy_markets","travel_aiq_custom","gs_economy","pos_ibm","gs_science_misc","gs_business_sme","private_equity_custom","gs_science","gs_auto_misc","gv_safe"]},"archived":true,"assistance":["Aaron Kirchfeld"],"attributor":"bn","authoredRegion":"Global","authors":[{"id":"18657817","name":"Dinesh Nair","slug":"ARyyGQR8v_w\/dinesh-nair","title":null,"bio":null,"columnist":false,"contributor":false,"editorialBoard":false,"headshot":{"id":"386512166","baseUrl":"https:\/\/assets.bwbx.io\/images\/users\/iqjWHBFdfxIU\/iAHQo9umsWls\/v1\/200x200.jpg","origWidth":2000,"origHeight":2000,"caption":null,"type":"image","themes":null},"facebookHandle":null,"facebookUrl":null,"twitterHandle":"DNair5","twitterUrl":"https:\/\/www.twitter.com\/DNair5"},{"id":"17673321","name":"Jan-Henrik Foerster","slug":"AQ2saY71wbs\/janhenrik-foerster","title":null,"bio":null,"columnist":false,"contributor":false,"editorialBoard":false,"headshot":{"id":"386352019","baseUrl":"https:\/\/assets.bwbx.io\/images\/users\/iqjWHBFdfxIU\/ifa_pJeO2tgQ\/v2\/200x200.jpg","origWidth":2000,"origHeight":2000,"caption":null,"type":"image","themes":null},"facebookHandle":null,"facebookUrl":null,"twitterHandle":"JanFoe","twitterUrl":"https:\/\/www.twitter.com\/JanFoe"},{"id":"18043877","name":"Kiel Porter","slug":"ARNT5T6VBW0\/kiel-porter","title":null,"bio":null,"columnist":false,"contributor":false,"editorialBoard":false,"headshot":{"id":"110348767","baseUrl":"https:\/\/assets.bwbx.io\/images\/users\/iqjWHBFdfxIU\/iodhiLzBpXTw\/v1\/200x200.jpg","origWidth":160,"origHeight":211,"caption":null,"type":"image","themes":null},"facebookHandle":null,"facebookUrl":null,"twitterHandle":"kielporter","twitterUrl":"https:\/\/www.twitter.com\/kielporter"}],"blensQuoteIds":[{"id":"7473980Z:FP"},{"id":"CE:US"},{"id":"3711Z:GR"},{"id":"PGHN:SW"},{"id":"1872421D:LN"}],"body":"<div class=\"inline-newsletter-top\"><\/div><p>Buyout firms <a href=\"\/quote\/PGHN:SW\" title=\"Company Overview\"><meta content=\"PGHN SW Equity\"><meta content=\"SecurityLink\">Partners Group Holding AG<\/a> and <a href=\"\/quote\/2270Z:LN\" title=\"Company Overview\"><meta content=\"2270Z LN Equity\"><meta content=\"SecurityLink\">CVC Capital Partners<\/a> have teamed up against chemicals company <a href=\"\/quote\/CE:US\" title=\"Company Overview\"><meta content=\"CE US Equity\"><meta content=\"SecurityLink\">Celanese Corp.<\/a> in the bidding for German technical-ceramics maker <a href=\"\/quote\/3711Z:GR\" title=\"Company Overview\"><meta content=\"3711Z GR Equity\"><meta content=\"SecurityLink\">CeramTec GmbH<\/a>, according to people familiar with the matter.<\/p><p>Owner <a href=\"\/quote\/7473980Z:FP\" title=\"Company Overview\"><meta content=\"7473980Z FP Equity\"><meta content=\"SecurityLink\">BC Partners<\/a> has called for next-round bids around July 19 and is seeking a valuation of at least 4 billion euros ($4.7 billion), the people said, asking not to be identified because discussions are private.<\/p>\n <div id=\"outstream-video-1-QW88EUT1UM0W01\" class=\"outstream-ad outstream-ad--default paywall\" data-position=\"outstream-video\" data-ad-placeholder=\"Advertisement\">\n \n <script type=\"application\/javascript\">window.__bloomberg__.ads.enqueue(\"outstream-video-1-QW88EUT1UM0W01\");<\/script>\n <script class=\"params\" type=\"application\/json\">{\"contentId\":\"QW88EUT1UM0W01\",\"position\":\"outstream\",\"dimensions\":{\"large_desktop\":[[300,250],[1,8],[3,3]],\"small_desktop\":[[300,250],[1,8],[3,3]],\"tablet\":[[300,250],[1,8],[3,3]]},\"strategy\":\"viewable\",\"type\":\"Outstream Video Native Ad\",\"targeting\":{\"position\":\"outstream\",\"url\":\"\/news\/articles\/2021-07-14\/partners-group-cvc-team-up-against-celanese-in-ceramtec-bidding\"},\"containerId\":\"outstream-video-1-QW88EUT1UM0W01\"}<\/script>\n \n <\/div>\n \n <div id=\"outstream-video-2-QW88EUT1UM0W01\" class=\"outstream-ad outstream-ad--mobile paywall\" data-position=\"outstream-video\" data-ad-placeholder=\"Advertisement\">\n \n <script type=\"application\/javascript\">window.__bloomberg__.ads.enqueue(\"outstream-video-2-QW88EUT1UM0W01\");<\/script>\n <script class=\"params\" type=\"application\/json\">{\"contentId\":\"QW88EUT1UM0W01\",\"position\":\"outstream\",\"dimensions\":{\"mobile\":[[300,250],[1,8],[3,3]]},\"strategy\":\"viewable\",\"type\":\"Outstream Video Native Ad\",\"targeting\":{\"position\":\"outstream\",\"url\":\"\/news\/articles\/2021-07-14\/partners-group-cvc-team-up-against-celanese-in-ceramtec-bidding\"},\"containerId\":\"outstream-video-2-QW88EUT1UM0W01\"}<\/script>\n \n <\/div>\n <p class=\"paywall\">Other investment firms and companies have also looked at the asset, the people said. Bloomberg News <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-07-01\/bc-partners-said-to-explore-options-for-4-billion-ceramics-firm\" title=\"BC Partners Said to Mull Options for $4 Billion Ceramic Firm (1)\" target=\"_blank\"><meta content=\"QVLX12T1UM0W\"><meta content=\"StoryLink\">reported<\/a> earlier this month that BC Partners started exploring options, including a sale or initial public offering, in a deal that could value the business at 3.5 billion euros or more.<\/p><aside class=\"left-rail-newsletter paywall\"><\/aside><p class=\"paywall\">CeramTec produces industrial and technical ceramics for the medical, automotive, electronics and chemicals industries, making everything from hip joints to car parts. The company, which traces its <a href=\"https:\/\/www.ceramtec-group.com\/en\/about-us\/history\" title=\"History\" target=\"_blank\" rel=\"noopener\"><meta content=\"WebLink\">roots<\/a> back to a porcelain factory from 1903, employs more than 3,400 globally and had over 550 million euros in 2020 sales, according to its <a href=\"https:\/\/www.ceramtec-group.com\/en\/about-us\" title=\"related website\" target=\"_blank\" rel=\"noopener\"><meta content=\"WebLink\">website<\/a>.<\/p><p class=\"paywall\">Private equity firms&#x2019; divestments in Europe have risen more than 150% to $70 billion this year, according to data compiled by Bloomberg. <a href=\"\/quote\/277924Z:LN\" title=\"Company Overview\"><meta content=\"277924Z LN Equity\"><meta content=\"SecurityLink\">TDR Capital<\/a> agreed <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-06-27\/brookfield-unit-said-to-near-deal-for-tdr-backed-modulaire-group\" title=\"Brookfield Unit to Buy TDR-Backed Modulaire Group for $5 Billion\" target=\"_blank\"><meta content=\"QVEGAXT1UM0Z\"><meta content=\"StoryLink\">last month<\/a> to sell Modulaire Group, a designer of modular work spaces, to <a href=\"\/quote\/BBU-U:CN\" title=\"Company Overview\"><meta content=\"BBU-U CN Equity\"><meta content=\"SecurityLink\">Brookfield Business Partners LP<\/a> for about $5 billion.<\/p>\n <div id=\"box-jc6JU4A\" class=\"mobile-box page-ad paywall\" data-position=\"mobile-box\" data-ad-placeholder=\"Advertisement\">\n \n <script type=\"application\/javascript\">window.__bloomberg__.ads.enqueue(\"box-jc6JU4A\");<\/script>\n <script class=\"params\" type=\"application\/json\">{\"contentId\":\"QW88EUT1UM0W01\",\"position\":\"box\",\"dimensions\":{\"mobile\":[[300,250],[3,3],[1,1],\"fluid\"]},\"type\":\"Mobile Body Box Ad\",\"positionIncrement\":1,\"targeting\":{\"position\":\"box1\",\"positionIncrement\":1,\"url\":\"\/news\/articles\/2021-07-14\/partners-group-cvc-team-up-against-celanese-in-ceramtec-bidding\"},\"containerId\":\"box-jc6JU4A\"}<\/script>\n \n <\/div>\n <div class=\"for-you__wrapper paywall\"><\/div><p class=\"paywall\">No final decisions have been made, and there&#x2019;s no certainty talks will lead to a transaction, the people said. Representatives for BC Partners, Celanese, CVC and Partners Group declined to comment.<\/p>\n <div id=\"desktop-in-article-1-QW88EUT1UM0W01\" class=\"desktop-in-article page-ad paywall\" data-position=\"desktop-in-article\" data-ad-placeholder=\"Advertisement\">\n \n <script type=\"application\/javascript\">window.__bloomberg__.ads.enqueue(\"desktop-in-article-1-QW88EUT1UM0W01\");<\/script>\n <script class=\"params\" type=\"application\/json\">{\"contentId\":\"QW88EUT1UM0W01\",\"position\":\"desktop-in-article1\",\"dimensions\":{\"large_desktop\":[[300,250],[5,4],[3,3]],\"small_desktop\":[[300,250],[5,4],[3,3]]},\"type\":\"Desktop in article Native Ad\",\"targeting\":{\"position\":\"desktop-in-article1\",\"url\":\"\/news\/articles\/2021-07-14\/partners-group-cvc-team-up-against-celanese-in-ceramtec-bidding\"},\"containerId\":\"desktop-in-article-1-QW88EUT1UM0W01\"}<\/script>\n \n <\/div>\n <p class=\"paywall\">A consortium led by BC Partners <a href=\"https:\/\/www.bcpartners.com\/news\/bc-partners-led-consortium-including-psp-investments-and-ontario-teachers-acquires-ceramtec-a-leading-international-manufacturer-and-supplier-of-technical-ceramic\" title=\"Link\" target=\"_blank\" rel=\"noopener\"><meta content=\"WebLink\">agreed<\/a> to acquire CeramTec from private equity firm <a href=\"\/quote\/9990648Z:LN\" title=\"Company Overview\"><meta content=\"9990648Z LN Equity\"><meta content=\"SecurityLink\">Cinven<\/a> in 2017. Canada&#x2019;s Public Sector Pension Investment Board and Ontario Teachers&#x2019; Pension Plan also joined the deal. That acquisition valued CeramTec at about 2.6 billion euros including debt, Bloomberg News <a href=\"\/news\/terminal\/OXM9ER6KLVRX\" title=\"Cinven Is Said Near $3 Billion CeramTec Sale to BC Partners (1)\" class=\"terminal-news-story\" target=\"_blank\"><meta content=\"OXM9ER6KLVRX\"><meta content=\"StoryLink\">reported<\/a> at the time.<\/p><p class=\"paywall\">Elsewhere in Germany, BC Partners this month agreed to take a <a href=\"\/news\/terminal\/QVZJPOT0AFBE\" title=\"BC Partners Reaches Deal for German Laboratories Group Tentamus\" class=\"terminal-news-story\" target=\"_blank\"><meta content=\"QVZJPOT0AFBE\"><meta content=\"StoryLink\">stake<\/a> in Tentamus Group GmbH amid strong private equity demand for laboratory assets in Europe. The deal values the food and pharmaceutical-testing company at about 1 billion euros, people familiar with the matter said.<\/p>\n <div id=\"in-article-1-QW88EUT1UM0W01\" class=\"in-article page-ad hide_on_small_desktop hide_on_large_desktop paywall\" data-position=\"in-article\" data-ad-placeholder=\"Advertisement\">\n \n <script type=\"application\/javascript\">window.__bloomberg__.ads.enqueue(\"in-article-1-QW88EUT1UM0W01\");<\/script>\n <script class=\"params\" type=\"application\/json\">{\"contentId\":\"QW88EUT1UM0W01\",\"position\":\"in-article1\",\"dimensions\":{\"mobile\":[[5,19],[300,250],[3,3],[1,1],\"fluid\"],\"tablet\":[[5,11],[728,90],[1,1]]},\"type\":\"In Article Flex Native Ad\",\"positionIncrement\":1,\"targeting\":{\"position\":\"in-article1\",\"positionIncrement\":1,\"url\":\"\/news\/articles\/2021-07-14\/partners-group-cvc-team-up-against-celanese-in-ceramtec-bidding\"},\"containerId\":\"in-article-1-QW88EUT1UM0W01\"}<\/script>\n \n <\/div>\n <p class=\"paywall\"><em>&#x2014; With assistance by Aaron Kirchfeld<\/em><\/p><div class=\"trashline paywall\">(<span>Adds BC Partners Germany deal in final paragraph.<\/span>)<\/div><ol class=\"noscript-footnotes paywall\"><\/ol><div class=\"inline-newsletter-bottom paywall\"><\/div>","brand":"markets","canonical":"https:\/\/www.bloomberg.com\/news\/articles\/2021-07-14\/partners-group-cvc-team-up-against-celanese-in-ceramtec-bidding","byline":"Dinesh Nair, Jan-Henrik Förster and Kiel Porter","categories":["markets"],"charts":[],"checksum":"6638bc1c8e358f7bda223c21d7a55eba","columnists":[],"corrected":false,"dek":null,"disableAds":false,"disclaimer":"","embeds":[],"facebookStatus":"Buyout firms Partners Group Holding AG and CVC Capital Partners have teamed up against chemicals company Celanese Corp. in the bidding for German technical-ceramics maker CeramTec GmbH, according to people familiar with the matter.","featureVersion":null,"footer":"<meta itemprop=\"NewsFooterAttributionType\" content=\"http:\/\/bloomberg.com\/StoryFormat\/NewsIndividualAttribution\"><p class=\"news-rsf-assists\">--With assistance from <span itemscope=\"itemscope\" itemtype=\"http:\/\/schema.org\/Person\"><link itemprop=\"additionalType\" href=\"http:\/\/bloomberg.com\/StoryFormat\/ContactInfo\"><meta itemprop=\"url\" content=\"bbg:\/\/people\/profile\/15014888\"><meta itemprop=\"pepl\" content=\"15014888\"><meta itemprop=\"uuid\" content=\"3925253\"><meta itemprop=\"email\" content=\"akirchfeld@bloomberg.net\"><meta itemprop=\"telephone\" content=\"+44-20-35258830\"><span itemprop=\"workLocation\" itemscope=\"itemscope\" itemtype=\"http:\/\/schema.org\/Place\"><meta itemprop=\"name\" content=\"London\"><\/span><meta itemprop=\"role\" content=\"assist\"><span itemprop=\"attribution\" itemscope=\"itemscope\"><meta itemprop=\"indicator\" content=\"assist\"><meta itemprop=\"ordinal\" content=\"4\"><\/span><span itemprop=\"name\">Aaron Kirchfeld<\/span><\/span>.<\/p><p class=\"news-rsf-contact-reporter\">To contact the reporters on this story:<br><span itemscope=\"itemscope\" itemtype=\"http:\/\/schema.org\/Person\"><link itemprop=\"additionalType\" href=\"http:\/\/bloomberg.com\/StoryFormat\/ContactInfo\"><meta itemprop=\"url\" content=\"bbg:\/\/people\/profile\/18657817\"><meta itemprop=\"pepl\" content=\"18657817\"><meta itemprop=\"uuid\" content=\"11900697\"><meta itemprop=\"telephone\" content=\"+44-20-35253212\"><meta itemprop=\"role\" content=\"by\"><meta itemprop=\"role\" content=\"reporter\"><span itemprop=\"attribution\" itemscope=\"itemscope\"><meta itemprop=\"indicator\" content=\"by\"><meta itemprop=\"indicator\" content=\"reporter\"><meta itemprop=\"ordinal\" content=\"1\"><\/span><span itemprop=\"name\">Dinesh Nair<\/span> in <span itemprop=\"workLocation\" itemscope=\"itemscope\" itemtype=\"http:\/\/schema.org\/Place\"><span itemprop=\"name\">London<\/span><\/span> at <span itemprop=\"email\">dnair5@bloomberg.net<\/span><\/span>;<br><span itemscope=\"itemscope\" itemtype=\"http:\/\/schema.org\/Person\"><link itemprop=\"additionalType\" href=\"http:\/\/bloomberg.com\/StoryFormat\/ContactInfo\"><meta itemprop=\"url\" content=\"bbg:\/\/people\/profile\/17673321\"><meta itemprop=\"pepl\" content=\"17673321\"><meta itemprop=\"uuid\" content=\"11757890\"><meta itemprop=\"telephone\" content=\"+44-20-35254287\"><meta itemprop=\"role\" content=\"by\"><meta itemprop=\"role\" content=\"reporter\"><span itemprop=\"attribution\" itemscope=\"itemscope\"><meta itemprop=\"indicator\" content=\"by\"><meta itemprop=\"indicator\" content=\"reporter\"><meta itemprop=\"ordinal\" content=\"2\"><\/span><span itemprop=\"name\">Jan-Henrik F&#xF6;rster<\/span> in <span itemprop=\"workLocation\" itemscope=\"itemscope\" itemtype=\"http:\/\/schema.org\/Place\"><span itemprop=\"name\">London<\/span><\/span> at <span itemprop=\"email\">jforster20@bloomberg.net<\/span><\/span>;<br><span itemscope=\"itemscope\" itemtype=\"http:\/\/schema.org\/Person\"><link itemprop=\"additionalType\" href=\"http:\/\/bloomberg.com\/StoryFormat\/ContactInfo\"><meta itemprop=\"url\" content=\"bbg:\/\/people\/profile\/18043877\"><meta itemprop=\"pepl\" content=\"18043877\"><meta itemprop=\"uuid\" content=\"10594416\"><meta itemprop=\"telephone\" content=\"+1-312-443-5967\"><meta itemprop=\"role\" content=\"by\"><meta itemprop=\"role\" content=\"reporter\"><span itemprop=\"attribution\" itemscope=\"itemscope\"><meta itemprop=\"indicator\" content=\"by\"><meta itemprop=\"indicator\" content=\"reporter\"><meta itemprop=\"ordinal\" content=\"3\"><\/span><span itemprop=\"name\">Kiel Porter<\/span> in <span itemprop=\"workLocation\" itemscope=\"itemscope\" itemtype=\"http:\/\/schema.org\/Place\"><span itemprop=\"name\">Chicago<\/span><\/span> at <span itemprop=\"email\">kporter17@bloomberg.net<\/span><\/span><\/p><p class=\"news-rsf-contact-editor\">To contact the editors responsible for this story:<br><span itemscope=\"itemscope\" itemtype=\"http:\/\/schema.org\/Person\"><link itemprop=\"additionalType\" href=\"http:\/\/bloomberg.com\/StoryFormat\/ContactInfo\"><meta itemprop=\"url\" content=\"bbg:\/\/people\/profile\/6720026\"><meta itemprop=\"pepl\" content=\"6720026\"><meta itemprop=\"uuid\" content=\"2920049\"><meta itemprop=\"jobTitle\" content=\"Executive Editor:Deals &amp; Corporate Finance\"><meta itemprop=\"telephone\" content=\"+1-212-617-1697\"><span itemprop=\"workLocation\" itemscope=\"itemscope\" itemtype=\"http:\/\/schema.org\/Place\"><meta itemprop=\"name\" content=\"New York\"><\/span><meta itemprop=\"role\" content=\"editor\"><meta itemprop=\"role\" content=\"responsible\"><span itemprop=\"attribution\" itemscope=\"itemscope\"><meta itemprop=\"indicator\" content=\"editor\"><meta itemprop=\"indicator\" content=\"responsible\"><meta itemprop=\"ordinal\" content=\"6\"><\/span><span itemprop=\"name\">Daniel Hauck<\/span> at <span itemprop=\"email\">dhauck1@bloomberg.net<\/span><\/span><br><span class=\"news-rsf-editor-byline\"><span itemscope=\"itemscope\" itemtype=\"http:\/\/schema.org\/Person\"><link itemprop=\"additionalType\" href=\"http:\/\/bloomberg.com\/StoryFormat\/ContactInfo\"><meta itemprop=\"url\" content=\"bbg:\/\/people\/profile\/21714985\"><meta itemprop=\"pepl\" content=\"21714985\"><meta itemprop=\"uuid\" content=\"29472435\"><meta itemprop=\"email\" content=\"fsahloul@bloomberg.net\"><meta itemprop=\"telephone\" content=\"+44-20-35253357\"><span itemprop=\"workLocation\" itemscope=\"itemscope\" itemtype=\"http:\/\/schema.org\/Place\"><meta itemprop=\"name\" content=\"London\"><\/span><meta itemprop=\"role\" content=\"editor\"><meta itemprop=\"role\" content=\"primary\"><span itemprop=\"attribution\" itemscope=\"itemscope\"><meta itemprop=\"indicator\" content=\"editor\"><meta itemprop=\"indicator\" content=\"primary\"><meta itemprop=\"ordinal\" content=\"5\"><\/span><span itemprop=\"name\">Fareed Sahloul<\/span><\/span><\/span><\/p>","footnotes":{},"franchise":"deals","headline":"Partners Group, CVC Team Up to Rival Celanese for CeramTec","headlineText":"Partners Group, CVC Team Up to Rival Celanese for CeramTec","hedAndDekPosition":"above","id":"QW88EUT1UM0W01","isPressRelease":false,"isTrending":false,"imageAttachments":{"373530619":{"id":"373530619","baseUrl":"https:\/\/assets.bwbx.io\/images\/users\/iqjWHBFdfxIU\/i6CB2JgDX_TI\/v0\/-1x-1.jpg","origWidth":811,"origHeight":608,"caption":null,"type":"image","alt":"ceramtec","themes":null},"373530732":{"id":"373530732","baseUrl":"https:\/\/assets.bwbx.io\/images\/users\/iqjWHBFdfxIU\/i2B9vOvxzOdU\/v0\/-1x-1.jpg","origWidth":1215,"origHeight":608,"caption":null,"type":"image","alt":"ceramtec SOCIAL","themes":null},"373752001":{"id":"373752001","baseUrl":"https:\/\/assets.bwbx.io\/images\/users\/iqjWHBFdfxIU\/ikeljb901_vY\/v0\/-1x-1.jpg","origWidth":1215,"origHeight":608,"caption":null,"type":"image","alt":"Partners Group, CVC Team Up to Rival Celanese for CeramTec","themes":null}},"label":null,"language":"en","ledeAttachment":null,"ledeCaption":null,"ledeCredit":null,"ledeDescription":null,"ledeImageUrl":null,"ledeKind":"not_quite_full_width","ledeMediaKind":"","ledeSize":"","locale":"en","magazine":null,"magazineMetadata":null,"marketcards":[],"metadata":{"hiddenInlineAttachments":[],"magazine":false,"suppressComments":false,"excludeFromPaywall":false,"theme":null,"background":null,"isMetered":false,"newsletterSlug":null,"newsletterToutLabel":null,"cobrand":null,"terminalBlogId":null},"mostRelevantTags":["Capital Partners","Private Equity","Valuation","IPOs","Automotive","Europe"],"moved":false,"pillar":null,"premium":false,"primaryCategory":"markets","primarySite":"markets","publishedAt":"2021-07-14T16:51:30.758Z","readings":{"url":"https:\/\/assets.bwbx.io\/s3\/readings\/QW9WWDT0AFB41626336911620.mp3","durationMs":135262},"relatedStories":[],"resourceType":"Story","revision":"QW9WWDT0AFB4","secondaryBrands":["markets","business"],"seoHeadline":"Partners Group, CVC Team Up to Rival Celanese for CeramTec","slug":"2021-07-14\/partners-group-cvc-team-up-against-celanese-in-ceramtec-bidding","socialDescription":"Buyout firms Partners Group Holding AG and CVC Capital Partners have teamed up against chemicals company Celanese Corp. in the bidding for German technical-ceramics maker CeramTec GmbH, according to people familiar with the matter.","socialHeadline":"Partners Group, CVC Team Up to Rival Celanese for CeramTec","socialImageUrl":"https:\/\/assets.bwbx.io\/images\/users\/iqjWHBFdfxIU\/i2B9vOvxzOdU\/v0\/1200x600.jpg","storythreads":[],"summary":"Buyout firms Partners Group Holding AG and CVC Capital Partners have teamed up against chemicals company Celanese Corp. in the bidding for German technical-ceramics maker CeramTec GmbH, according to people familiar with the matter.","summaryText":"","suppressComments":false,"textHeadline":"Partners Group, CVC Team Up to Rival Celanese for CeramTec","theme":"markets","timeline":{},"topic":"Capital Partners","trashline":"(<span itemprop=\"description\">Adds BC Partners Germany deal in final paragraph.<\/span>)","twitterDescription":"Buyout firms Partners Group Holding AG and CVC Capital Partners have teamed up against chemicals company Celanese Corp. in the bidding for German technical-ceramics maker CeramTec GmbH, according to people familiar with the matter.","twitterHandle":"markets","twitterText":"Partners Group and CVC have teamed up against chemicals company Celanese in the bidding for German technical-ceramics maker CeramTec, sources say","twitterTitle":"Partners Group, CVC Team Up to Rival Celanese for CeramTec","type":"archived","updatedAt":"2021-07-15T07:49:08.909Z","url":"\/news\/articles\/2021-07-14\/partners-group-cvc-team-up-against-celanese-in-ceramtec-bidding","videoAttachments":{},"webOriginal":false,"wssTags":[{"id":"Europe","type":"Region","directScore":0.5449411764705883,"derivedScore":8.858547871735478},{"id":"DE","type":"Country","directScore":0.1251764705882353,"derivedScore":5.632072944712481},{"id":"CA","type":"Country","directScore":0.23294117647058823,"derivedScore":0.4639285714285714},{"id":"1125977D:GR","type":"Company","directScore":0.09835294117647059,"derivedScore":0.09835294117647059},{"id":"BBU-U:CN","type":"Company","directScore":0.3952941176470588,"derivedScore":0.3952941176470588},{"id":"1872421D:LN","type":"Company","directScore":0.42023529411764704,"derivedScore":0.42023529411764704},{"id":"PGHN:SW","type":"Company","directScore":3.824317135549872,"derivedScore":3.824317135549872},{"id":"3711Z:GR","type":"Company","directScore":5.629854175079643,"derivedScore":5.629854175079643},{"id":"CE:US","type":"Company","directScore":6.306546237717054,"derivedScore":6.306546237717054},{"id":"7473980Z:FP","type":"Company","directScore":7.619764705882353,"derivedScore":7.619764705882353},{"id":"food","type":"Topic","directScore":0.048,"derivedScore":0.048},{"id":"debt","type":"Topic","directScore":0.15058823529411763,"derivedScore":0.15058823529411763},{"id":"pension-plan","type":"Topic","directScore":0.2,"derivedScore":0.2},{"id":"automotive","type":"Topic","directScore":0.6291764705882353,"derivedScore":0.6291764705882353},{"id":"ipos","type":"Topic","directScore":0.7049411764705882,"derivedScore":0.7049411764705882},{"id":"valuation","type":"Topic","directScore":0.8536470588235294,"derivedScore":0.8536470588235294},{"id":"private-equity","type":"Topic","directScore":1.6324705882352941,"derivedScore":1.6324705882352941},{"id":"capital-partners","type":"Topic","directScore":3.8010741687979537,"derivedScore":3.8010741687979537},{"id":"markets","type":"Classification","directScore":0,"derivedScore":6},{"id":"finance","type":"Classification","directScore":0,"derivedScore":8.210859861717834},{"id":"GB","type":"Country","directScore":0,"derivedScore":0.42023529411764704},{"id":"industrials","type":"Topic","directScore":0,"derivedScore":0.3952941176470588},{"id":"FR","type":"Country","directScore":0,"derivedScore":7.619764705882353},{"id":"infrastructure","type":"Topic","directScore":0,"derivedScore":0.6291764705882353},{"id":"US","type":"Region","directScore":0,"derivedScore":6.322191868855642},{"id":"fixed-income","type":"Topic","directScore":0,"derivedScore":0.15058823529411763},{"id":"CH","type":"Country","directScore":0,"derivedScore":3.824317135549872},{"id":"materials","type":"Topic","directScore":0,"derivedScore":6.317207134650508},{"id":"bonds","type":"Topic","directScore":0,"derivedScore":0.15058823529411763},{"id":"US","type":"Country","directScore":0,"derivedScore":6.306546237717054},{"id":"transportation","type":"Topic","directScore":0,"derivedScore":0.6291764705882353},{"id":"technology","type":"Classification","directScore":0,"derivedScore":8.81943180439255},{"id":"UK","type":"Country","directScore":0,"derivedScore":0.42023529411764704}],"validatedAt":"2022-11-22T16:52:27.557Z","teaserBody":"<p>Buyout firms <a href=\"\/quote\/PGHN:SW\" itemprop=\"StoryLink\" itemscope=\"itemscope\" title=\"Company Overview\"><meta itemprop=\"security\" content=\"PGHN SW Equity\"><meta itemprop=\"type\" content=\"SecurityLink\">Partners Group Holding AG<\/a> and <a href=\"\/quote\/2270Z:LN\" itemprop=\"StoryLink\" itemscope=\"itemscope\" title=\"Company Overview\"><meta itemprop=\"security\" content=\"2270Z LN Equity\"><meta itemprop=\"type\" content=\"SecurityLink\">CVC Capital Partners<\/a> have teamed up against chemicals company <a href=\"\/quote\/CE:US\" itemprop=\"StoryLink\" itemscope=\"itemscope\" title=\"Company Overview\"><meta itemprop=\"security\" content=\"CE US Equity\"><meta itemprop=\"type\" content=\"SecurityLink\">Celanese Corp.<\/a> in the bidding for German technical-ceramics maker <a href=\"\/quote\/3711Z:GR\" itemprop=\"StoryLink\" itemscope=\"itemscope\" title=\"Company Overview\"><meta itemprop=\"security\" content=\"3711Z GR Equity\"><meta itemprop=\"type\" content=\"SecurityLink\">CeramTec GmbH<\/a>, according to people familiar with the matter.<\/p><p>Owner <a href=\"\/quote\/7473980Z:FP\" itemprop=\"StoryLink\" itemscope=\"itemscope\" title=\"Company Overview\"><meta itemprop=\"security\" content=\"7473980Z FP Equity\"><meta itemprop=\"type\" content=\"SecurityLink\">BC Partners<\/a> has called for next-round bids around July 19 and is seeking a valuation of at least 4 billion euros ($4.7 billion), the people said, asking not to be identified because discussions are private.<\/p>"},"greenDataSnippet":{"js":"","css":"","html":""},"coronavirusDataSnippet":{"js":"","css":"","html":""},"isNewsletter":false,"mostPopular":[{"brand":"technology","site":"technology","byline":"","headline":"Billionaire Investor Carl Icahn Is Betting Against GameStop Shares","summary":"","url":"https:\/\/www.bloomberg.com\/news\/articles\/2022-11-21\/carl-icahn-said-to-hold-large-gamestop-short-position","authors":[],"updatedAt":"2022-11-22T15:28:14.413Z","publishedAt":"2022-11-21T22:56:20.025Z","thumbnail":{"id":"393699102","baseUrl":"https:\/\/assets.bwbx.io\/images\/users\/iqjWHBFdfxIU\/i637E6R.YXeI\/v0\/-1x-1.jpg","origWidth":1000,"origHeight":667,"caption":null,"type":"image","alt":"Key Speakers At The Leveraged Finance Fights Melanoma Event","themes":null}},{"brand":"markets","site":"markets","byline":"","headline":"FTX Latest: Hearing Ahead; Trabucco Used Poker Tactics to Trade","summary":"","url":"https:\/\/www.bloomberg.com\/news\/articles\/2022-11-21\/ftx-latest-genesis-bankruptcy-warning-buffets-crypto-markets","authors":[],"updatedAt":"2022-11-22T13:55:19.544Z","publishedAt":"2022-11-21T23:13:02.022Z","thumbnail":{"id":"393710641","baseUrl":"https:\/\/assets.bwbx.io\/images\/users\/iqjWHBFdfxIU\/ir9iuF0h9HzU\/v0\/-1x-1.jpg","origWidth":2000,"origHeight":1334,"caption":null,"type":"image","alt":"FTX's Crypto Contagion Infects Firms From BlockFi To Voyager","themes":null}},{"brand":"businessweek","site":"businessweek","byline":"","headline":"Tech Layoffs Send H-1B Visa Holders Scrambling for New Jobs","summary":"Hundreds of people in the US on temporary work visas may need to leave the country if they can’t find new sponsors.","url":"https:\/\/www.bloomberg.com\/news\/articles\/2022-11-21\/2022-tech-layoffs-leave-h-1b-visa-holders-in-limbo","authors":[],"updatedAt":"2022-11-21T11:00:12.018Z","publishedAt":"2022-11-21T11:00:12.017Z","thumbnail":{"id":"393641100","baseUrl":"https:\/\/assets.bwbx.io\/images\/users\/iqjWHBFdfxIU\/iBSApks1Zt_g\/v0\/-1x-1.jpg","origWidth":2200,"origHeight":1467,"caption":null,"type":"image","alt":null,"themes":null}},{"brand":"industries","site":"industries","byline":"","headline":"When Disney Decided to Dump its CEO, the Change Happened Fast","summary":"","url":"https:\/\/www.bloomberg.com\/news\/articles\/2022-11-22\/when-disney-decided-to-dump-its-ceo-the-change-happened-fast","authors":[],"updatedAt":"2022-11-22T14:32:42.357Z","publishedAt":"2022-11-22T02:42:07.788Z","thumbnail":{"id":"393710385","baseUrl":"https:\/\/assets.bwbx.io\/images\/users\/iqjWHBFdfxIU\/ijILhvKfCTVE\/v0\/-1x-1.jpg","origWidth":2000,"origHeight":1500,"caption":null,"type":"image","alt":"Walt Disney Co. CEO Bob Iger Speaks At The ECNY","themes":null}},{"brand":"business","site":"bbiz","byline":"","headline":"Disney Shares Jump on Optimism Over Iger’s Surprise Return","summary":"","url":"https:\/\/www.bloomberg.com\/news\/articles\/2022-11-21\/disney-says-bob-iger-will-return-as-ceo-succeeding-bob-chapek","authors":[],"updatedAt":"2022-11-21T17:03:20.443Z","publishedAt":"2022-11-21T03:07:17.325Z","thumbnail":{"id":"393668822","baseUrl":"https:\/\/assets.bwbx.io\/images\/users\/iqjWHBFdfxIU\/iecm1xBCQOHQ\/v0\/-1x-1.jpg","origWidth":2000,"origHeight":1328,"caption":null,"type":"image","alt":"Vox Media's 2022 Code Conference - Day 2","themes":null}}],"mostReadEnabled":true} {"id":"QW88EUT1UM0W01","contentType":"Story","contentTags":[{"id":"Europe","type":"Region","directScore":0.5449411764705883,"derivedScore":8.858547871735478},{"id":"DE","type":"Country","directScore":0.1251764705882353,"derivedScore":5.632072944712481},{"id":"CA","type":"Country","directScore":0.23294117647058823,"derivedScore":0.4639285714285714},{"id":"1125977D:GR","type":"Company","directScore":0.09835294117647059,"derivedScore":0.09835294117647059},{"id":"BBU-U:CN","type":"Company","directScore":0.3952941176470588,"derivedScore":0.3952941176470588},{"id":"1872421D:LN","type":"Company","directScore":0.42023529411764704,"derivedScore":0.42023529411764704},{"id":"PGHN:SW","type":"Company","directScore":3.824317135549872,"derivedScore":3.824317135549872},{"id":"3711Z:GR","type":"Company","directScore":5.629854175079643,"derivedScore":5.629854175079643},{"id":"CE:US","type":"Company","directScore":6.306546237717054,"derivedScore":6.306546237717054},{"id":"7473980Z:FP","type":"Company","directScore":7.619764705882353,"derivedScore":7.619764705882353},{"id":"food","type":"Topic","directScore":0.048,"derivedScore":0.048},{"id":"debt","type":"Topic","directScore":0.15058823529411763,"derivedScore":0.15058823529411763},{"id":"pension-plan","type":"Topic","directScore":0.2,"derivedScore":0.2},{"id":"automotive","type":"Topic","directScore":0.6291764705882353,"derivedScore":0.6291764705882353},{"id":"ipos","type":"Topic","directScore":0.7049411764705882,"derivedScore":0.7049411764705882},{"id":"valuation","type":"Topic","directScore":0.8536470588235294,"derivedScore":0.8536470588235294},{"id":"private-equity","type":"Topic","directScore":1.6324705882352941,"derivedScore":1.6324705882352941},{"id":"capital-partners","type":"Topic","directScore":3.8010741687979537,"derivedScore":3.8010741687979537},{"id":"markets","type":"Classification","directScore":0,"derivedScore":6},{"id":"finance","type":"Classification","directScore":0,"derivedScore":8.210859861717834},{"id":"GB","type":"Country","directScore":0,"derivedScore":0.42023529411764704},{"id":"industrials","type":"Topic","directScore":0,"derivedScore":0.3952941176470588},{"id":"FR","type":"Country","directScore":0,"derivedScore":7.619764705882353},{"id":"infrastructure","type":"Topic","directScore":0,"derivedScore":0.6291764705882353},{"id":"US","type":"Region","directScore":0,"derivedScore":6.322191868855642},{"id":"fixed-income","type":"Topic","directScore":0,"derivedScore":0.15058823529411763},{"id":"CH","type":"Country","directScore":0,"derivedScore":3.824317135549872},{"id":"materials","type":"Topic","directScore":0,"derivedScore":6.317207134650508},{"id":"bonds","type":"Topic","directScore":0,"derivedScore":0.15058823529411763},{"id":"US","type":"Country","directScore":0,"derivedScore":6.306546237717054},{"id":"transportation","type":"Topic","directScore":0,"derivedScore":0.6291764705882353},{"id":"technology","type":"Classification","directScore":0,"derivedScore":8.81943180439255},{"id":"UK","type":"Country","directScore":0,"derivedScore":0.42023529411764704}],"brand":"markets","franchise":"deals","archived":true,"metadata":{"hiddenInlineAttachments":[],"magazine":false,"suppressComments":false,"excludeFromPaywall":false,"theme":null,"background":null,"isMetered":false,"newsletterSlug":null,"newsletterToutLabel":null,"cobrand":null,"terminalBlogId":null,"authors":[{"id":"18657817","name":"Dinesh Nair","slug":"ARyyGQR8v_w/dinesh-nair","title":null,"bio":null,"columnist":false,"contributor":false,"editorialBoard":false,"headshot":{"id":"386512166","baseUrl":"https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iAHQo9umsWls/v1/200x200.jpg","origWidth":2000,"origHeight":2000,"caption":null,"type":"image","themes":null},"facebookHandle":null,"facebookUrl":null,"twitterHandle":"DNair5","twitterUrl":"https://www.twitter.com/DNair5"},{"id":"17673321","name":"Jan-Henrik Foerster","slug":"AQ2saY71wbs/janhenrik-foerster","title":null,"bio":null,"columnist":false,"contributor":false,"editorialBoard":false,"headshot":{"id":"386352019","baseUrl":"https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ifa_pJeO2tgQ/v2/200x200.jpg","origWidth":2000,"origHeight":2000,"caption":null,"type":"image","themes":null},"facebookHandle":null,"facebookUrl":null,"twitterHandle":"JanFoe","twitterUrl":"https://www.twitter.com/JanFoe"},{"id":"18043877","name":"Kiel Porter","slug":"ARNT5T6VBW0/kiel-porter","title":null,"bio":null,"columnist":false,"contributor":false,"editorialBoard":false,"headshot":{"id":"110348767","baseUrl":"https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iodhiLzBpXTw/v1/200x200.jpg","origWidth":160,"origHeight":211,"caption":null,"type":"image","themes":null},"facebookHandle":null,"facebookUrl":null,"twitterHandle":"kielporter","twitterUrl":"https://www.twitter.com/kielporter"}]},"adConfig":{"adCode":"bloomberg/markets/deals/article"},"adCodes":["5262/bloomberg/markets/deals/article"]} var _____WB$wombat$assign$function_____ = function(name) {return (self._wb_wombat && self._wb_wombat.local_init && self._wb_wombat.local_init(name)) || self[name]; }; if (!self.__WB_pmw) { self.__WB_pmw = function(obj) { this.__WB_source = obj; return this; } } { let window = _____WB$wombat$assign$function_____("window"); let self = _____WB$wombat$assign$function_____("self"); let document = _____WB$wombat$assign$function_____("document"); let location = _____WB$wombat$assign$function_____("location"); let top = _____WB$wombat$assign$function_____("top"); let parent = _____WB$wombat$assign$function_____("parent"); let frames = _____WB$wombat$assign$function_____("frames"); let opener = _____WB$wombat$assign$function_____("opener"); let arguments; { document.dispatchEvent(new CustomEvent('contentMetadata:ready', { detail: {"id":"QW88EUT1UM0W01","contentType":"Story","contentTags":[{"id":"Europe","type":"Region","directScore":0.5449411764705883,"derivedScore":8.858547871735478},{"id":"DE","type":"Country","directScore":0.1251764705882353,"derivedScore":5.632072944712481},{"id":"CA","type":"Country","directScore":0.23294117647058823,"derivedScore":0.4639285714285714},{"id":"1125977D:GR","type":"Company","directScore":0.09835294117647059,"derivedScore":0.09835294117647059},{"id":"BBU-U:CN","type":"Company","directScore":0.3952941176470588,"derivedScore":0.3952941176470588},{"id":"1872421D:LN","type":"Company","directScore":0.42023529411764704,"derivedScore":0.42023529411764704},{"id":"PGHN:SW","type":"Company","directScore":3.824317135549872,"derivedScore":3.824317135549872},{"id":"3711Z:GR","type":"Company","directScore":5.629854175079643,"derivedScore":5.629854175079643},{"id":"CE:US","type":"Company","directScore":6.306546237717054,"derivedScore":6.306546237717054},{"id":"7473980Z:FP","type":"Company","directScore":7.619764705882353,"derivedScore":7.619764705882353},{"id":"food","type":"Topic","directScore":0.048,"derivedScore":0.048},{"id":"debt","type":"Topic","directScore":0.15058823529411763,"derivedScore":0.15058823529411763},{"id":"pension-plan","type":"Topic","directScore":0.2,"derivedScore":0.2},{"id":"automotive","type":"Topic","directScore":0.6291764705882353,"derivedScore":0.6291764705882353},{"id":"ipos","type":"Topic","directScore":0.7049411764705882,"derivedScore":0.7049411764705882},{"id":"valuation","type":"Topic","directScore":0.8536470588235294,"derivedScore":0.8536470588235294},{"id":"private-equity","type":"Topic","directScore":1.6324705882352941,"derivedScore":1.6324705882352941},{"id":"capital-partners","type":"Topic","directScore":3.8010741687979537,"derivedScore":3.8010741687979537},{"id":"markets","type":"Classification","directScore":0,"derivedScore":6},{"id":"finance","type":"Classification","directScore":0,"derivedScore":8.210859861717834},{"id":"GB","type":"Country","directScore":0,"derivedScore":0.42023529411764704},{"id":"industrials","type":"Topic","directScore":0,"derivedScore":0.3952941176470588},{"id":"FR","type":"Country","directScore":0,"derivedScore":7.619764705882353},{"id":"infrastructure","type":"Topic","directScore":0,"derivedScore":0.6291764705882353},{"id":"US","type":"Region","directScore":0,"derivedScore":6.322191868855642},{"id":"fixed-income","type":"Topic","directScore":0,"derivedScore":0.15058823529411763},{"id":"CH","type":"Country","directScore":0,"derivedScore":3.824317135549872},{"id":"materials","type":"Topic","directScore":0,"derivedScore":6.317207134650508},{"id":"bonds","type":"Topic","directScore":0,"derivedScore":0.15058823529411763},{"id":"US","type":"Country","directScore":0,"derivedScore":6.306546237717054},{"id":"transportation","type":"Topic","directScore":0,"derivedScore":0.6291764705882353},{"id":"technology","type":"Classification","directScore":0,"derivedScore":8.81943180439255},{"id":"UK","type":"Country","directScore":0,"derivedScore":0.42023529411764704}],"brand":"markets","franchise":"deals","archived":true,"metadata":{"hiddenInlineAttachments":[],"magazine":false,"suppressComments":false,"excludeFromPaywall":false,"theme":null,"background":null,"isMetered":false,"newsletterSlug":null,"newsletterToutLabel":null,"cobrand":null,"terminalBlogId":null,"authors":[{"id":"18657817","name":"Dinesh Nair","slug":"ARyyGQR8v_w/dinesh-nair","title":null,"bio":null,"columnist":false,"contributor":false,"editorialBoard":false,"headshot":{"id":"386512166","baseUrl":"https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iAHQo9umsWls/v1/200x200.jpg","origWidth":2000,"origHeight":2000,"caption":null,"type":"image","themes":null},"facebookHandle":null,"facebookUrl":null,"twitterHandle":"DNair5","twitterUrl":"https://www.twitter.com/DNair5"},{"id":"17673321","name":"Jan-Henrik Foerster","slug":"AQ2saY71wbs/janhenrik-foerster","title":null,"bio":null,"columnist":false,"contributor":false,"editorialBoard":false,"headshot":{"id":"386352019","baseUrl":"https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ifa_pJeO2tgQ/v2/200x200.jpg","origWidth":2000,"origHeight":2000,"caption":null,"type":"image","themes":null},"facebookHandle":null,"facebookUrl":null,"twitterHandle":"JanFoe","twitterUrl":"https://www.twitter.com/JanFoe"},{"id":"18043877","name":"Kiel Porter","slug":"ARNT5T6VBW0/kiel-porter","title":null,"bio":null,"columnist":false,"contributor":false,"editorialBoard":false,"headshot":{"id":"110348767","baseUrl":"https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iodhiLzBpXTw/v1/200x200.jpg","origWidth":160,"origHeight":211,"caption":null,"type":"image","themes":null},"facebookHandle":null,"facebookUrl":null,"twitterHandle":"kielporter","twitterUrl":"https://www.twitter.com/kielporter"}]},"adConfig":{"adCode":"bloomberg/markets/deals/article"},"adCodes":["5262/bloomberg/markets/deals/article"]} })); }} Terms of Service Do Not Sell My Info (California) Trademarks Privacy Policy ©2022 Bloomberg L.P. All Rights Reserved Careers Made in NYC Advertise Ad Choices Help {"adCode":"bloomberg/markets/deals/article","archived":true,"premium":false,"attributor":"bn","authors":[{"id":"18657817","name":"Dinesh Nair","slug":"ARyyGQR8v_w/dinesh-nair","title":null,"bio":null,"columnist":false,"contributor":false,"editorialBoard":false,"headshot":{"id":"386512166","baseUrl":"https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iAHQo9umsWls/v1/200x200.jpg","origWidth":2000,"origHeight":2000,"caption":null,"type":"image","themes":null},"facebookHandle":null,"facebookUrl":null,"twitterHandle":"DNair5","twitterUrl":"https://www.twitter.com/DNair5"},{"id":"17673321","name":"Jan-Henrik Foerster","slug":"AQ2saY71wbs/janhenrik-foerster","title":null,"bio":null,"columnist":false,"contributor":false,"editorialBoard":false,"headshot":{"id":"386352019","baseUrl":"https://assets.bwbx.io/images/users/iqjWHBFdfxIU/ifa_pJeO2tgQ/v2/200x200.jpg","origWidth":2000,"origHeight":2000,"caption":null,"type":"image","themes":null},"facebookHandle":null,"facebookUrl":null,"twitterHandle":"JanFoe","twitterUrl":"https://www.twitter.com/JanFoe"},{"id":"18043877","name":"Kiel Porter","slug":"ARNT5T6VBW0/kiel-porter","title":null,"bio":null,"columnist":false,"contributor":false,"editorialBoard":false,"headshot":{"id":"110348767","baseUrl":"https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iodhiLzBpXTw/v1/200x200.jpg","origWidth":160,"origHeight":211,"caption":null,"type":"image","themes":null},"facebookHandle":null,"facebookUrl":null,"twitterHandle":"kielporter","twitterUrl":"https://www.twitter.com/kielporter"}],"brand":"markets","secondaryBrands":["markets","business"],"byline":"Dinesh Nair, Jan-Henrik Förster and Kiel Porter","wssTags":["Europe","DE","CA","1125977D:GR","BBU-U:CN","1872421D:LN","PGHN:SW","3711Z:GR","CE:US","7473980Z:FP","food","debt","pension-plan","automotive","ipos","valuation","private-equity","capital-partners","markets","finance","GB","industrials","FR","infrastructure","US","fixed-income","CH","materials","bonds","US","transportation","technology","UK"],"franchise":"deals","locale":"en","id":"QW88EUT1UM0W01","isPressRelease":false,"paywallType":"additive","primaryCategory":"markets","categories":["markets"],"primarySite":"markets","publishedAt":"2021-07-14T16:51:30.758Z","revision":"QW9WWDT0AFB4","resourceType":"Story","seoHeadline":"Partners Group, CVC Team Up to Rival Celanese for CeramTec","slug":"2021-07-14/partners-group-cvc-team-up-against-celanese-in-ceramtec-bidding","textHeadline":"Partners Group, CVC Team Up to Rival Celanese for CeramTec","theme":"markets","topic":"Capital Partners","twitterHandle":"markets","twitterText":"Partners Group and CVC have teamed up against chemicals company Celanese in the bidding for German technical-ceramics maker CeramTec, sources say","type":"archived","url":"/news/articles/2021-07-14/partners-group-cvc-team-up-against-celanese-in-ceramtec-bidding","canonical":"https://www.bloomberg.com/news/articles/2021-07-14/partners-group-cvc-team-up-against-celanese-in-ceramtec-bidding","webOriginal":false,"metadata":{"isMetered":false}} var _____WB$wombat$assign$function_____ = function(name) {return (self._wb_wombat && self._wb_wombat.local_init && self._wb_wombat.local_init(name)) || self[name]; }; if (!self.__WB_pmw) { self.__WB_pmw = function(obj) { this.__WB_source = obj; return this; } } { let window = _____WB$wombat$assign$function_____("window"); let self = _____WB$wombat$assign$function_____("self"); let document = _____WB$wombat$assign$function_____("document"); let location = _____WB$wombat$assign$function_____("location"); let top = _____WB$wombat$assign$function_____("top"); let parent = _____WB$wombat$assign$function_____("parent"); let frames = _____WB$wombat$assign$function_____("frames"); let opener = _____WB$wombat$assign$function_____("opener"); let arguments; {window.__bloomberg__.abba=[{"targetId":"tc2t6","priority":-101,"condition":"{\"and\":[{\"or\":[{\"indicator_value\":\"\",\"indicator_comparator\":\"\",\"value\":\"wolf.bloomberg.com/wolf\",\"comparator\":\"nct\",\"id\":\"url\",\"type\":\"string\",\"store\":\"url\",\"path\":\"url\"}]},{\"or\":[{\"indicator_value\":\"\",\"indicator_comparator\":\"\",\"value\":\"https://www.bloomberg.com/features/2022-the-crypto-story\",\"comparator\":\"ct\",\"id\":\"url\",\"type\":\"string\",\"store\":\"url\",\"path\":\"url\"}]}]}","config":"{\"rewards\":{\"recurring\":false,\"rewardType\":\"verification\",\"articleCount\":1,\"rewardDuration\":43200,\"subscriberTrial\":false,\"subscriberOnlyContentIncluded\":false},\"verification-wall\":{\"type\":\"banner\",\"enabled\":true,\"boldText\":\"Get Started\",\"limitText\":\"Register to read more.\",\"headerText\":\"Create an account to read The Crypto Story.\",\"subHeaderText\":\"Register to read more on Bloomberg.com\",\"mobileHeaderText\":\"Register to unlock more content on Bloomberg.com\"}}","experiments":[{"experimentId":"e2ktf","population":1,"startTime":"2022-10-24T19:37:00.000Z","endTime":"2023-01-31T20:37:00.000Z","locked":false,"buckets":[{"bucketId":"bdvmw","config":"{}"},{"bucketId":"bhuhp","config":"{}"},{"bucketId":"b66q4","config":"{\"rewards\":{\"recurring\":false,\"rewardType\":\"verification\",\"articleCount\":1,\"rewardDuration\":43200,\"subscriberTrial\":false,\"subscriberOnlyContentIncluded\":false},\"verification-wall\":{\"type\":\"banner\",\"enabled\":true,\"boldText\":\"Get Started\",\"limitText\":\"Register to read more.\",\"headerText\":\"Create an account to read The Crypto Story.\",\"subHeaderText\":\"Register to read more on Bloomberg.com\",\"mobileHeaderText\":\"Register to unlock more content on Bloomberg.com\"}}"}]}]},{"targetId":"tz05c","priority":-100,"condition":"{\"and\":[{\"or\":[{\"value\":\"US\",\"comparator\":\"eq\",\"id\":\"geoIp\",\"type\":\"string\",\"store\":\"geo\"},{\"value\":\"US\",\"comparator\":\"not\",\"id\":\"geoIp\",\"type\":\"string\",\"store\":\"geo\"}]}]}","config":"{\"navi-subscription\":{\"subscribeUrl\":\"https://www.bloomberg.com/subscriptions?in_source=nav-c_original\"}}","experiments":[{"experimentId":"ebkyi","population":1,"startTime":"2022-11-16T21:00:00.000Z","endTime":"2022-11-30T21:30:00.000Z","locked":false,"buckets":[{"bucketId":"bjmx7","config":"{}"},{"bucketId":"bmzfv","config":"{}"},{"bucketId":"beojj","config":"{\"navi-subscription\":{\"subscribeUrl\":\"https://www.bloomberg.com/subscriptions?in_source=nav-cm22_t1_unlimited\",\"subscriptionText\":\"Get Unlimited Access\",\"subscriptionColor\":\"white\",\"subscriptionBackgroundColor\":\"black\"}}"},{"bucketId":"bz3hl","config":"{\"navi-subscription\":{\"subscribeUrl\":\"https://www.bloomberg.com/subscriptions?in_source=nav-cm22_t2_flashsale\",\"subscriptionText\":\"Flash Sale\",\"subscriptionColor\":\"white\",\"subscriptionBackgroundColor\":\"black\"}}"},{"bucketId":"bwqzn","config":"{\"navi-subscription\":{\"subscribeUrl\":\"https://www.bloomberg.com/subscriptions?in_source=nav-cm22_t3_cybermondaysale\",\"subscriptionText\":\"Cyber Monday Sale\",\"subscriptionColor\":\"white\",\"subscriptionBackgroundColor\":\"black\"}}"}]}]},{"targetId":"tllfj","priority":-1,"condition":"{\"or\":[{\"and\":[{\"value\":\"chrome\",\"comparator\":\"eq\",\"id\":\"userAgent\",\"type\":\"enumeration\",\"store\":\"userAgent\"}]},{\"and\":[{\"value\":\"firefox\",\"comparator\":\"eq\",\"id\":\"userAgent\",\"type\":\"enumeration\",\"store\":\"userAgent\"}]},{\"and\":[{\"value\":\"opera\",\"comparator\":\"eq\",\"id\":\"userAgent\",\"type\":\"enumeration\",\"store\":\"userAgent\"}]},{\"and\":[{\"value\":\"samsung\",\"comparator\":\"eq\",\"id\":\"userAgent\",\"type\":\"enumeration\",\"store\":\"userAgent\"}]}]}","config":"{\"webpushprompt\":{\"title\":\"Cut through the chaos with real time updates on the news affecting the global economy.\",\"titleBold\":\"Enable Notifications.\",\"variation\":\"wide\",\"turnonText\":\"Enable\",\"nothanksText\":\"Later\",\"shouldDisplay\":true,\"deferMinAfterClose\":300,\"showAfterPageViews\":5,\"deferMinAfterIgnore\":100}}","experiments":[]},{"targetId":"tn4lo","priority":-1,"condition":"{\"or\":[{\"and\":[{\"indicator_value\":\"\",\"indicator_comparator\":\"\",\"value\":\"desktop\",\"comparator\":\"not\",\"id\":\"device\",\"type\":\"enumeration\",\"store\":\"device\"}]}]}","config":"{\"for-you-module\":{\"position\":\"hidden\"}}","experiments":[{"experimentId":"e8awq","population":1,"startTime":"2022-08-15T14:45:56.839Z","endTime":"2022-12-16T22:45:00.000Z","locked":false,"buckets":[{"bucketId":"b3eq9","config":"{}"},{"bucketId":"br61f","config":"{}"},{"bucketId":"bmq0b","config":"{\"for-you-module\":{\"position\":\"bottom\"}}"},{"bucketId":"bq1pw","config":"{\"for-you-module\":{\"position\":\"bottom\"}}"}]}]},{"targetId":"t95ib","priority":-1,"condition":"{\"and\":[{\"or\":[{\"indicator_value\":\"\",\"indicator_comparator\":\"\",\"value\":\"DIGITAL\",\"comparator\":\"eq\",\"id\":\"subscriptionType\",\"type\":\"enumeration\",\"store\":\"userInfo\",\"path\":\"subscriptionType\"}]},{\"or\":[{\"indicator_value\":\"\",\"indicator_comparator\":\"\",\"value\":\"end-of-intro\",\"comparator\":\"eq\",\"id\":\"introPeriodStatus\",\"type\":\"enumeration\",\"store\":\"userInfo\",\"path\":\"introPeriodStatus\"}]},{\"or\":[{\"indicator_value\":\"\",\"indicator_comparator\":\"\",\"value\":\"Month\",\"comparator\":\"eq\",\"id\":\"billingPeriod\",\"type\":\"enumeration\",\"store\":\"userInfo\",\"path\":\"billingPeriod\"}]},{\"or\":[{\"indicator_value\":\"\",\"indicator_comparator\":\"\",\"value\":120,\"comparator\":\"gte\",\"id\":\"daysSubscribed\",\"type\":\"numeric\",\"store\":\"userInfo\",\"path\":\"daysSubscribed\"}]},{\"or\":[{\"indicator_value\":\"\",\"indicator_comparator\":\"\",\"value\":270,\"comparator\":\"lte\",\"id\":\"daysSubscribed\",\"type\":\"numeric\",\"store\":\"userInfo\",\"path\":\"daysSubscribed\"}]}]}","config":"{\"upsell-offer\":{\"title\":\"Exclusive offer – save 40% by switching to annual billing.\",\"subtitle\":\"Lock in your discounted rate now\",\"ratePlanId\":\"2c92a0087c1b0da1017c28b1ce3667ba\"},\"upsell-offer-banner\":{\"outlet\":\"banner\",\"templateId\":313,\"Text_460_color\":\"white\",\"Text_644_color\":\"white\",\"renderStrategy\":\"on-load\",\"Text_460_content\":\"\",\"Text_644_content\":\"\",\"CloseButton_549_theme\":\"white\",\"Text_460_mobileContent\":\"\",\"Text_644_mobileContent\":\"\",\"PrimaryButton_723_label\":\"Claim My Offer\",\"PrimaryButton_723_theme\":\"opinion-blue\",\"PrimaryButton_723_title\":\"Claim My Offer\",\"Text_460_desktopContent\":\"Exclusive offer – save 40% by switching to annual billing.\",\"Text_644_desktopContent\":\"Lock in your discounted rate now\",\"CloseButton_549_modalRenderId\":313,\"PrimaryButton_723_modalRenderId\":313,\"FlexibleColumnContainer_222_color\":\"black\",\"Render_Manager_daysAfterLastShown\":1,\"Render_Manager_daysAfterLastClosed\":7,\"FlexibleColumnContainer_222_columnCount\":2}}","experiments":[]},{"targetId":"t6zao","priority":3,"condition":"{\"or\":[{\"and\":[{\"indicator_value\":\"\",\"indicator_comparator\":\"\",\"value\":\"https://www.bloomberg.com/graphics/electric-vehicles/\",\"comparator\":\"ct\",\"id\":\"url\",\"type\":\"string\",\"store\":\"url\",\"path\":\"url\"}]}]}","config":"{\"rules\":{\"isMeteredOverride\":false,\"enableVerificationWall\":true},\"verification-wall\":{\"type\":\"modal\",\"enabled\":true,\"buttonText\":\"Create account\",\"headerText\":\"Create an account to access this article\",\"nextModule\":\"none\",\"subTitleCopy\":\"Read more about green power and green ratings for electric vehicles.\",\"isDismissible\":false,\"subHeaderText\":\"Read more about green power and green ratings for electric vehicles.\"}}","experiments":[]},{"targetId":"tkrgd","priority":10,"condition":"{\"and\":[{\"or\":[{\"value\":0.5,\"comparator\":\"lt\",\"id\":\"subscription_propensity_v2\",\"type\":\"numeric\",\"store\":\"byzantium\",\"path\":\"Metadata.action\"}]},{\"or\":[{\"value\":false,\"comparator\":\"eq\",\"id\":\"subscriber\",\"type\":\"boolean\",\"store\":\"userInfo\",\"path\":\"subscriber\"}]},{\"or\":[{\"value\":1,\"comparator\":\"gt\",\"id\":\"calendarMonthSinceFirstVisit\",\"type\":\"numeric\",\"store\":\"byzantium\",\"path\":\"Metadata.attribute.calendarMonthSinceFirstVisit\"}]},{\"or\":[{\"indicator_value\":\"\",\"indicator_comparator\":\"\",\"value\":\"bloomberg.co.jp\",\"comparator\":\"nct\",\"id\":\"url\",\"type\":\"string\",\"store\":\"url\",\"path\":\"url\"}]},{\"or\":[{\"indicator_value\":\"\",\"indicator_comparator\":\"\",\"value\":\"/letters/\",\"comparator\":\"nct\",\"id\":\"url\",\"type\":\"string\",\"store\":\"url\",\"path\":\"url\"}]},{\"or\":[{\"indicator_value\":\"\",\"indicator_comparator\":\"\",\"value\":\"/newsletters/\",\"comparator\":\"nct\",\"id\":\"url\",\"type\":\"string\",\"store\":\"url\",\"path\":\"url\"}]},{\"or\":[{\"indicator_value\":\"\",\"indicator_comparator\":\"\",\"value\":\"/storythreads/\",\"comparator\":\"nct\",\"id\":\"url\",\"type\":\"string\",\"store\":\"url\",\"path\":\"url\"}]},{\"or\":[{\"indicator_value\":\"\",\"indicator_comparator\":\"\",\"value\":\"/press-releases/\",\"comparator\":\"nct\",\"id\":\"url\",\"type\":\"string\",\"store\":\"url\",\"path\":\"url\"}]},{\"or\":[{\"indicator_value\":\"\",\"indicator_comparator\":\"\",\"value\":false,\"comparator\":\"eq\",\"id\":\"registered\",\"type\":\"boolean\",\"store\":\"userInfo\",\"path\":\"registered\"}]}]}","config":"{\"rewards\":{\"recurring\":false,\"rewardType\":\"verification\",\"articleCount\":2,\"rewardDuration\":43200,\"subscriberTrial\":false,\"subscriberOnlyContentIncluded\":false},\"meter-config\":{\"type\":\"expandable\",\"color\":\"dark\",\"boldText\":\"Explore Offers\",\"meterUrl\":\"https://www.bloomberg.com/subscriptions/checkout?id=2c92a0086614a669016615eb9d965f86\",\"buttonUrl\":\"https://www.bloomberg.com/subscriptions/checkout?id=2c92a0086614a669016615eb9d965f86\",\"limitText\":\"Get unlimited access today.\",\"buttonText\":\"Claim This Offer\",\"headerText\":\"Subscribe now for uninterrupted access. \",\"subHeaderText\":\"Global news that uncovers a new tomorrow, for $1.99/month. Cancel anytime.\",\"renderStrategy\":\"default\"},\"paywall-config\":{\"type\":\"banner\",\"color\":\"dark\",\"boldText\":\"Explore Offers\",\"limitText\":\"Get unlimited access today.\",\"buttonText\":\"Claim This Offer\",\"headerText\":\"Subscribe now for uninterrupted access. \",\"paywallUrl\":\"https://www.bloomberg.com/subscriptions/checkout?id=2c92a0086614a669016615eb9d965f86\",\"subHeaderText\":\"Global news that uncovers a new tomorrow, for $1.99/month. Cancel anytime.\",\"mobileHeaderText\":\"Get uninterrupted access to global news for $1.99/month. Cancel anytime.\"},\"navi-subscription\":{\"subscribeUrl\":\"https://www.bloomberg.com/subscriptions/67obqkd5zdp5lj8\"},\"verification-wall\":{\"type\":\"banner\",\"enabled\":false,\"headerText\":\"Create an account and unlock 2 bonus articles.\",\"nextModule\":\"none\",\"subHeaderText\":\"Register to read more on Bloomberg.com\"},\"super-elastic-rules\":{\"enabled\":true,\"dailyMax\":\"3\",\"dailyMin\":0,\"monthlyMax\":\"7\",\"monthlyMin\":1,\"STRThreshold\":0.85,\"realTimeBlocking\":true,\"weightingVersion\":\"v1\",\"aggregationVersion\":\"v1\",\"decisionTreeVersion\":\"v6\"}}","experiments":[]},{"targetId":"tllyq","priority":10,"condition":"{\"and\":[{\"or\":[{\"value\":false,\"comparator\":\"eq\",\"id\":\"subscriber\",\"type\":\"boolean\",\"store\":\"userInfo\",\"path\":\"subscriber\"}]},{\"or\":[{\"value\":1,\"comparator\":\"eq\",\"id\":\"calendarMonthSinceFirstVisit\",\"type\":\"numeric\",\"store\":\"byzantium\",\"path\":\"Metadata.attribute.calendarMonthSinceFirstVisit\"}]},{\"or\":[{\"indicator_value\":\"\",\"indicator_comparator\":\"\",\"value\":false,\"comparator\":\"eq\",\"id\":\"registered\",\"type\":\"boolean\",\"store\":\"userInfo\",\"path\":\"registered\"}]}]}","config":"{\"rules\":{\"paywallTriggerCount\":0,\"enableVerificationWall\":true,\"meterRenderingStrategy\":\"show\"},\"rewards\":{\"recurring\":false,\"rewardType\":\"verification\",\"articleCount\":1,\"rewardDuration\":43200,\"subscriberTrial\":false,\"subscriberOnlyContentIncluded\":false},\"meter-config\":{\"type\":\"expandable\",\"color\":\"dark\",\"boldText\":\"Explore Offer\",\"meterUrl\":\"https://www.bloomberg.com/subscriptions/checkout?id=2c92a0086614a669016615eb9d965f86\",\"buttonUrl\":\"https://www.bloomberg.com/subscriptions/checkout?id=2c92a0086614a669016615eb9d965f86\",\"limitText\":\"Get unlimited access today.\",\"buttonText\":\"Claim This Offer\",\"headerText\":\"Subscribe now for unlimited access to Bloomberg.com and the Bloomberg app\",\"subHeaderText\":\"Global news that uncovers a new tomorrow. Cancel anytime.\",\"renderStrategy\":\"hide\",\"mobileHeaderText\":\"Get uninterrupted access to global news. Cancel anytime.\"},\"paywall-config\":{\"type\":\"banner\",\"color\":\"dark\",\"boldText\":\"Explore Offer\",\"limitText\":\"Get unlimited access today.\",\"buttonText\":\"Claim this offer\",\"headerText\":\"Subscribe now for unlimited access to Bloomberg.com and the Bloomberg app\",\"paywallUrl\":\"https://www.bloomberg.com/subscriptions/checkout?id=2c92a0086614a669016615eb9d965f86\",\"subHeaderText\":\"Global news that uncovers a new tomorrow. Cancel anytime.\",\"mobileHeaderText\":\"\"},\"verification-wall\":{\"type\":\"banner\",\"enabled\":true,\"boldText\":\"Get Started\",\"limitText\":\"Register to read more.\",\"headerText\":\"Create an account and unlock 1 bonus article.\",\"nextModule\":\"none\",\"isDismissible\":true,\"subHeaderText\":\"Register to read more on Bloomberg.com\",\"mobileHeaderText\":\"Register to unlock more content on Bloomberg.com\"}}","experiments":[]},{"targetId":"td4ip","priority":10,"condition":"{\"and\":[{\"or\":[{\"value\":0.5,\"comparator\":\"gte\",\"id\":\"subscription_propensity_v2\",\"type\":\"numeric\",\"store\":\"byzantium\",\"path\":\"Metadata.action\"}]},{\"or\":[{\"value\":false,\"comparator\":\"eq\",\"id\":\"subscriber\",\"type\":\"boolean\",\"store\":\"userInfo\",\"path\":\"subscriber\"}]},{\"or\":[{\"value\":1,\"comparator\":\"gt\",\"id\":\"calendarMonthSinceFirstVisit\",\"type\":\"numeric\",\"store\":\"byzantium\",\"path\":\"Metadata.attribute.calendarMonthSinceFirstVisit\"}]},{\"or\":[{\"indicator_value\":\"\",\"indicator_comparator\":\"\",\"value\":\"bloomberg.co.jp\",\"comparator\":\"nct\",\"id\":\"url\",\"type\":\"string\",\"store\":\"url\",\"path\":\"url\"}]},{\"or\":[{\"indicator_value\":\"\",\"indicator_comparator\":\"\",\"value\":\"/letters/\",\"comparator\":\"nct\",\"id\":\"url\",\"type\":\"string\",\"store\":\"url\",\"path\":\"url\"}]},{\"or\":[{\"indicator_value\":\"\",\"indicator_comparator\":\"\",\"value\":\"/press-releases/\",\"comparator\":\"nct\",\"id\":\"url\",\"type\":\"string\",\"store\":\"url\",\"path\":\"url\"}]},{\"or\":[{\"indicator_value\":\"\",\"indicator_comparator\":\"\",\"value\":\"/newsletters/\",\"comparator\":\"nct\",\"id\":\"url\",\"type\":\"string\",\"store\":\"url\",\"path\":\"url\"}]},{\"or\":[{\"indicator_value\":\"\",\"indicator_comparator\":\"\",\"value\":\"/storythreads/\",\"comparator\":\"nct\",\"id\":\"url\",\"type\":\"string\",\"store\":\"url\",\"path\":\"url\"}]},{\"or\":[{\"indicator_value\":\"\",\"indicator_comparator\":\"\",\"value\":false,\"comparator\":\"eq\",\"id\":\"registered\",\"type\":\"boolean\",\"store\":\"userInfo\",\"path\":\"registered\"}]}]}","config":"{\"rewards\":{\"recurring\":false,\"rewardType\":\"verification\",\"articleCount\":2,\"rewardDuration\":43200,\"subscriberTrial\":false,\"subscriberOnlyContentIncluded\":false},\"meter-config\":{\"type\":\"expandable\",\"color\":\"dark\",\"boldText\":\"Explore Offers\",\"meterUrl\":\"https://www.bloomberg.com/subscriptions/checkout?id=2c92a0086614a669016615eb9d965f86\",\"buttonUrl\":\"https://www.bloomberg.com/subscriptions/checkout?id=2c92a0086614a669016615eb9d965f86\",\"limitText\":\"Get unlimited access today.\",\"buttonText\":\"Claim This Offer\",\"headerText\":\"Subscribe now for uninterrupted access\",\"subHeaderText\":\"Global news that uncovers a new tomorrow, for $1.99/month. Cancel anytime.\",\"renderStrategy\":\"default\"},\"paywall-config\":{\"type\":\"banner\",\"color\":\"dark\",\"boldText\":\"Explore Offers\",\"limitText\":\"Get unlimited access today.\",\"buttonText\":\"Explore Offers\",\"headerText\":\"2,700 journalists. 120 countries. Unlimited insights.\",\"paywallUrl\":\"https://www.bloomberg.com/subscriptions/checkout?id=2c92a0086614a669016615eb9d965f86\",\"subHeaderText\":\"Global news that uncovers a new tomorrow. Cancel anytime.\",\"mobileHeaderText\":\"2,700 journalists. 120 countries. Unlimited insights. Cancel anytime.\"},\"navi-subscription\":{\"subscribeUrl\":\"https://www.bloomberg.com/subscriptions/4Kad5a9HW77vW8b\"},\"verification-wall\":{\"type\":\"banner\",\"enabled\":false,\"headerText\":\"Create an account and unlock 2 bonus articles.\",\"nextModule\":\"none\",\"subHeaderText\":\"Register to read more on Bloomberg.com\"},\"super-elastic-rules\":{\"enabled\":true,\"dailyMax\":\"3\",\"dailyMin\":\"0\",\"monthlyMax\":\"7\",\"monthlyMin\":\"1\",\"STRThreshold\":\"0.85\",\"realTimeBlocking\":true,\"weightingVersion\":\"v1\",\"aggregationVersion\":\"v1\",\"decisionTreeVersion\":\"v4\"}}","experiments":[]},{"targetId":"tbx19","priority":10,"condition":"{\"and\":[{\"or\":[{\"indicator_value\":\"\",\"indicator_comparator\":\"\",\"value\":true,\"comparator\":\"eq\",\"id\":\"registered\",\"type\":\"boolean\",\"store\":\"userInfo\",\"path\":\"registered\"}]},{\"or\":[{\"indicator_value\":\"\",\"indicator_comparator\":\"\",\"value\":false,\"comparator\":\"eq\",\"id\":\"subscriber\",\"type\":\"boolean\",\"store\":\"userInfo\",\"path\":\"subscriber\"}]}]}","config":"{\"rules\":{\"paywallTriggerCount\":1,\"meterRenderingStrategy\":\"show\"},\"meter-config\":{\"type\":\"expandable\",\"color\":\"dark\",\"boldText\":\"Explore Offer\",\"meterUrl\":\"https://www.bloomberg.com/subscriptions/checkout?id=2c92a0076c297df1016c3eb3f3237096\",\"limitText\":\"Special offer: $99 for 6 months.\",\"buttonText\":\"Claim this offer\",\"headerText\":\"Get 6 months of unlimited access for $99.\",\"subHeaderText\":\"Global news that uncovers a new tomorrow. Cancel anytime.\",\"mobileHeaderText\":\"Get 6 months of unlimited access for $99. Cancel anytime.\"},\"paywall-config\":{\"type\":\"banner\",\"color\":\"dark\",\"boldText\":\"Explore Offers\",\"limitText\":\"Special offer: $99 for 6 months.\",\"buttonText\":\"Claim This Offer\",\"headerText\":\"Get 6 months of unlimited access for $99.\",\"paywallUrl\":\"https://www.bloomberg.com/subscriptions/checkout?id=2c92a0076c297df1016c3eb3f3237096\",\"subHeaderText\":\"Global news that uncovers a new tomorrow. Cancel anytime.\",\"mobileHeaderText\":\"Get 6 months of unlimited access for $99. Cancel anytime.\"}}","experiments":[]},{"targetId":"t1pr5","priority":12,"condition":"{\"and\":[{\"or\":[{\"indicator_value\":\"\",\"indicator_comparator\":\"\",\"value\":0.9,\"comparator\":\"gte\",\"id\":\"subscription_propensity_v2\",\"type\":\"numeric\",\"store\":\"byzantium\",\"path\":\"Metadata.action\"}]},{\"or\":[{\"indicator_value\":\"\",\"indicator_comparator\":\"\",\"value\":false,\"comparator\":\"eq\",\"id\":\"subscriber\",\"type\":\"boolean\",\"store\":\"userInfo\",\"path\":\"subscriber\"}]},{\"or\":[{\"indicator_value\":\"\",\"indicator_comparator\":\"\",\"value\":false,\"comparator\":\"eq\",\"id\":\"registered\",\"type\":\"boolean\",\"store\":\"userInfo\",\"path\":\"registered\"}]},{\"or\":[{\"indicator_value\":\"\",\"indicator_comparator\":\"\",\"value\":1,\"comparator\":\"gt\",\"id\":\"calendarMonthSinceFirstVisit\",\"type\":\"numeric\",\"store\":\"byzantium\",\"path\":\"Metadata.attribute.calendarMonthSinceFirstVisit\"}]}]}","config":"{\"meter-config\":{\"type\":\"expandable\",\"color\":\"dark\",\"boldText\":\"Explore Offer\",\"meterUrl\":\"https://www.bloomberg.com/subscriptions/checkout?id=8a12801c81429f1f01814dd78a303bf0\",\"limitText\":\"Save $120 with a special offer.\",\"buttonText\":\"Claim this offer\",\"headerText\":\"Subscribe now and save $120 with our annual plan.\",\"subHeaderText\":\"Global news that uncovers a new tomorrow. Cancel anytime.\",\"mobileHeaderText\":\"Get uninterrupted access to global news and save $120 with our annual plan. Cancel anytime.\"},\"paywall-config\":{\"type\":\"banner\",\"color\":\"dark\",\"boldText\":\"Explore Offer\",\"limitText\":\"Save $120 with a special offer.\",\"buttonText\":\"Claim this offer\",\"headerText\":\"Subscribe now and save $120 with our annual plan.\",\"paywallUrl\":\"https://www.bloomberg.com/subscriptions/checkout?id=8a12801c81429f1f01814dd78a303bf0\",\"subHeaderText\":\"Global news that uncovers a new tomorrow. Cancel anytime.\",\"mobileHeaderText\":\"Get uninterrupted access to global news and save $120 with our annual plan. Cancel anytime.\"},\"super-elastic-rules\":{\"enabled\":true,\"dailyMax\":3,\"dailyMin\":0,\"monthlyMax\":7,\"monthlyMin\":1,\"STRThreshold\":null,\"realTimeBlocking\":true,\"weightingVersion\":\"v1\",\"aggregationVersion\":\"v1\",\"decisionTreeVersion\":\"v4\"}}","experiments":[]},{"targetId":"tvr9j","priority":50,"condition":"{\"or\":[{\"and\":[{\"indicator_value\":\"\",\"indicator_comparator\":\"=\",\"value\":\"https://www.bloomberg.com/graphics/covid-vaccine-tracker-global-distribution/\",\"comparator\":\"ct\",\"id\":\"url\",\"type\":\"string\",\"store\":\"url\",\"path\":\"url\"}]}]}","config":"{\"rules\":{\"paywallTriggerCount\":1,\"enableRegistrationWall\":false,\"enableVerificationWall\":true}}","experiments":[]},{"targetId":"t8uc1","priority":120,"condition":"{\"and\":[{\"or\":[{\"indicator_value\":\"\",\"indicator_comparator\":\"\",\"value\":\"GB\",\"comparator\":\"eq\",\"id\":\"geoIp\",\"type\":\"string\",\"store\":\"geo\"}]},{\"or\":[{\"indicator_value\":\"\",\"indicator_comparator\":\"\",\"value\":false,\"comparator\":\"eq\",\"id\":\"subscriber\",\"type\":\"boolean\",\"store\":\"userInfo\",\"path\":\"subscriber\"}]}]}","config":"{\"rules\":{\"paywallTriggerCount\":0,\"meterRenderingStrategy\":\"show\"},\"rewards\":{\"recurring\":false,\"rewardType\":\"verification\",\"articleCount\":1,\"rewardDuration\":43200,\"subscriberTrial\":false,\"subscriberOnlyContentIncluded\":false},\"meter-config\":{\"type\":\"expandable\",\"color\":\"dark\",\"boldText\":\"Claim today\",\"meterUrl\":\"https://www.bloomberg.com/subscriptions/uk\",\"limitText\":\"Get unlimited access today.\",\"buttonText\":\"Claim today\",\"headerText\":\"Limited time offer. Just 99p/month for 3 months.\",\"subHeaderText\":\"Get global insights, local perspectives and data-backed analysis. Cancel anytime.\",\"mobileHeaderText\":\"\"},\"paywall-config\":{\"type\":\"banner\",\"color\":\"dark\",\"boldText\":\"Claim today\",\"limitText\":\"Get unlimited access today.\",\"buttonText\":\"Claim today\",\"cancelText\":\"\",\"headerText\":\"Limited time offer. Just 99p/month for 3 months.\",\"paywallUrl\":\"https://www.bloomberg.com/subscriptions/uk\",\"subHeaderText\":\"Get global insights, local perspectives and data-backed analysis. Cancel anytime.\",\"mobileHeaderText\":\"\"},\"verification-wall\":{\"type\":\"banner\",\"enabled\":true,\"boldText\":\"Get Started\",\"limitText\":\"Register to read more.\",\"headerText\":\"Create an account and unlock 1 bonus article.\",\"nextModule\":\"none\",\"subHeaderText\":\"Register to read more on Bloomberg.com\"}}","experiments":[{"experimentId":"ekqsw","population":1,"startTime":"2022-11-16T21:00:00.000Z","endTime":"2022-11-30T23:00:00.000Z","locked":false,"buckets":[{"bucketId":"bhqd9","config":"{}"},{"bucketId":"b5r43","config":"{}"},{"bucketId":"bz8ri","config":"{\"rules\":{\"paywallTriggerCount\":0,\"meterRenderingStrategy\":\"show\"},\"rewards\":{\"recurring\":false,\"rewardType\":\"verification\",\"articleCount\":1,\"rewardDuration\":43200,\"subscriberTrial\":false,\"subscriberOnlyContentIncluded\":false},\"meter-config\":{\"type\":\"expandable\",\"color\":\"dark\",\"boldText\":\"Claim today\",\"meterUrl\":\"https://www.bloomberg.com/subscriptions/uk\",\"limitText\":\"Get unlimited access today.\",\"buttonText\":\"Claim today\",\"headerText\":\"Limited time offer. Just 99p/month for 3 months.\",\"subHeaderText\":\"Get global insights, local perspectives and data-backed analysis. Cancel anytime.\"},\"paywall-config\":{\"type\":\"banner\",\"color\":\"dark\",\"boldText\":\"Claim today\",\"limitText\":\"Get unlimited access today.\",\"buttonText\":\"Claim today\",\"headerText\":\"Limited time offer. Just 99p/month for 3 months.\",\"paywallUrl\":\"https://www.bloomberg.com/subscriptions/uk\",\"subHeaderText\":\"Get global insights, local perspectives and data-backed analysis. Cancel anytime.\"},\"verification-wall\":{\"type\":\"banner\",\"enabled\":true,\"boldText\":\"Get Started\",\"limitText\":\"Register to read more.\",\"headerText\":\"Create an account and unlock 1 bonus article.\",\"nextModule\":\"none\",\"mobileHeaderText\":\"Register to read more on Bloomberg.com\"}}"}]}]},{"targetId":"tsrfj","priority":130,"condition":"{\"or\":[{\"and\":[{\"value\":true,\"comparator\":\"eq\",\"id\":\"churnStatus\",\"type\":\"boolean\",\"store\":\"byzantium\",\"path\":\"Metadata.attribute.churnStatus\"}]}]}","config":"{\"meter-config\":{\"type\":\"expandable\",\"color\":\"dark\",\"boldText\":\"Explore Offers\",\"buttonUrl\":\"https://www.bloomberg.com/subscriptions/checkout?id=2c92a01073d12ea20173dee0b7df0e11\",\"buttonText\":\"Claim This Offer\",\"headerText\":\"Come back to unlimited access today.\",\"subHeaderText\":\"Global news that uncovers a new tomorrow, for $290/year. Cancel anytime.\",\"renderStrategy\":\"default\"},\"paywall-config\":{\"type\":\"banner\",\"color\":\"dark\",\"boldText\":\"Explore Offers\",\"buttonText\":\"Claim This Offer\",\"headerText\":\"Come back to unlimited access today.\",\"paywallUrl\":\"https://www.bloomberg.com/subscriptions/checkout?id=2c92a01073d12ea20173dee0b7df0e11\",\"subHeaderText\":\"Global news that uncovers a new tomorrow, for $290/year. Cancel anytime. \",\"mobileHeaderText\":\"\"},\"super-elastic-rules\":{\"enabled\":false,\"STRThreshold\":\".85\",\"realTimeBlocking\":true,\"weightingVersion\":\"v1\",\"aggregationVersion\":\"v1\"}}","experiments":[]},{"targetId":"t3618","priority":999,"condition":"{\"or\":[{\"and\":[{\"indicator_value\":\"\",\"indicator_comparator\":\"\",\"value\":\"winb-auto-em1\",\"comparator\":\"ct\",\"id\":\"url\",\"type\":\"string\",\"store\":\"url\",\"path\":\"url\"}]}]}","config":"{\"meter-config\":{\"type\":\"expandable\",\"color\":\"dark\",\"boldText\":\"Explore Offers\",\"buttonUrl\":\"https://www.bloomberg.com/subscriptions/checkout?id=2c92a00f74e99eb90175042d1f9b210a&in_source=winb-auto-em1\",\"buttonText\":\"Claim This Offer\",\"headerText\":\"Subscribe now for uninterrupted access. Limited time offer.\",\"subHeaderText\":\"Global news that uncovers a new tomorrow, for $199/year. Cancel anytime. \",\"renderStrategy\":\"default\"},\"paywall-config\":{\"type\":\"banner\",\"color\":\"dark\",\"boldText\":\"Explore Offers\",\"buttonText\":\"Claim This Offer\",\"headerText\":\"Subscribe now for uninterrupted access. Limited time offer.\",\"paywallUrl\":\"https://www.bloomberg.com/subscriptions/checkout?id=8a1290688180b1b0018187ff444334cf&in_source=winb-auto-em1\",\"subHeaderText\":\"Global news that uncovers a new tomorrow, for $199/year. Cancel anytime. \"},\"super-elastic-rules\":{\"enabled\":false,\"STRThreshold\":\"0.85\",\"realTimeBlocking\":false,\"weightingVersion\":\"v1\",\"aggregationVersion\":\"v1\"}}","experiments":[]},{"targetId":"td7cx","priority":999,"condition":"{\"or\":[{\"and\":[{\"indicator_value\":\"\",\"indicator_comparator\":\"\",\"value\":\"winb-auto-em2\",\"comparator\":\"ct\",\"id\":\"url\",\"type\":\"string\",\"store\":\"url\",\"path\":\"url\"}]}]}","config":"{\"meter-config\":{\"type\":\"expandable\",\"color\":\"dark\",\"boldText\":\"Explore Offers\",\"buttonUrl\":\"https://www.bloomberg.com/subscriptions/checkout?id=2c92a007749612d001749dd904ab0dd8&in_source=winb-auto-em2\",\"buttonText\":\"Claim This Offer\",\"headerText\":\"Subscribe now for uninterrupted access. Limited time offer.\",\"subHeaderText\":\"Global news that uncovers a new tomorrow, for $99/6 months. Cancel anytime. \",\"renderStrategy\":\"default\"},\"paywall-config\":{\"type\":\"banner\",\"color\":\"dark\",\"boldText\":\"Explore Offers\",\"buttonText\":\"Claim This Offer\",\"headerText\":\"Subscribe now for uninterrupted access. Limited time offer.\",\"paywallUrl\":\"https://www.bloomberg.com/subscriptions/checkout?id=8a1291128180c1a301818802755e7fdf&in_source=winb-auto-em2\",\"subHeaderText\":\"Global news that uncovers a new tomorrow, for $99/6 months. Cancel anytime. \"},\"super-elastic-rules\":{\"enabled\":false,\"STRThreshold\":\"0.85\",\"realTimeBlocking\":false,\"weightingVersion\":\"v1\",\"aggregationVersion\":\"v1\"}}","experiments":[]},{"targetId":"tdh0p","priority":1000,"condition":"{\"or\":[{\"and\":[{\"indicator_value\":\"\",\"indicator_comparator\":\"\",\"value\":\"RU\",\"comparator\":\"eq\",\"id\":\"geoIp\",\"type\":\"string\",\"store\":\"geo\"}]},{\"and\":[{\"indicator_value\":\"\",\"indicator_comparator\":\"\",\"value\":\"BY\",\"comparator\":\"eq\",\"id\":\"geoIp\",\"type\":\"string\",\"store\":\"geo\"}]},{\"and\":[{\"indicator_value\":\"\",\"indicator_comparator\":\"\",\"value\":\"UA\",\"comparator\":\"eq\",\"id\":\"geoIp\",\"type\":\"string\",\"store\":\"geo\"}]}]}","config":"{\"tout\":{\"meterRendering\":\"none\"},\"rules\":{\"isMeteredOverride\":false}}","experiments":[{"experimentId":"efp9k","population":1,"startTime":"2022-04-01T15:00:00.000Z","endTime":"2023-05-01T21:08:00.000Z","locked":false,"buckets":[{"bucketId":"bf4dc","config":"{}"},{"bucketId":"bdiim","config":"{}"},{"bucketId":"bujpk","config":"{\"rules\":{\"isMeteredOverride\":false},\"quote-rules\":{\"isMetered\":false}}"}]}]},{"targetId":"tlrc1","priority":999999,"condition":"{\"and\":[{\"or\":[{\"indicator_value\":\"\",\"indicator_comparator\":\"\",\"value\":0.5,\"comparator\":\"lte\",\"id\":\"churn_propensity\",\"type\":\"numeric\",\"store\":\"byzantium\",\"path\":\"Metadata.action\"},{\"indicator_value\":\"\",\"indicator_comparator\":\"\",\"value\":\"RU\",\"comparator\":\"nct\",\"id\":\"geoIp\",\"type\":\"string\",\"store\":\"geo\"}]},{\"or\":[{\"indicator_value\":\"\",\"indicator_comparator\":\"\",\"value\":true,\"comparator\":\"eq\",\"id\":\"subscriber\",\"type\":\"boolean\",\"store\":\"userInfo\",\"path\":\"subscriber\"}]},{\"or\":[{\"indicator_value\":\"\",\"indicator_comparator\":\"\",\"value\":\"DIGITAL\",\"comparator\":\"eq\",\"id\":\"subscriptionType\",\"type\":\"enumeration\",\"store\":\"userInfo\",\"path\":\"subscriptionType\"}]},{\"or\":[{\"indicator_value\":\"\",\"indicator_comparator\":\"\",\"value\":\"Month\",\"comparator\":\"eq\",\"id\":\"billingPeriod\",\"type\":\"enumeration\",\"store\":\"userInfo\",\"path\":\"billingPeriod\"}]},{\"or\":[{\"indicator_value\":\"\",\"indicator_comparator\":\"\",\"value\":240,\"comparator\":\"lte\",\"id\":\"daysSubscribed\",\"type\":\"numeric\",\"store\":\"userInfo\",\"path\":\"daysSubscribed\"}]},{\"or\":[{\"indicator_value\":\"\",\"indicator_comparator\":\"\",\"value\":\"BY\",\"comparator\":\"nct\",\"id\":\"geoIp\",\"type\":\"string\",\"store\":\"geo\"}]},{\"or\":[{\"indicator_value\":\"\",\"indicator_comparator\":\"\",\"value\":\"UA\",\"comparator\":\"nct\",\"id\":\"geoIp\",\"type\":\"string\",\"store\":\"geo\"}]}]}","config":"{\"upsell-offer\":{\"title\":\"Save 30% with annual billing\",\"subtitle\":\"Lock in your discounted rate.\",\"ratePlanId\":\"8a1297638180b1b601818800caf271ff\",\"toutBoldCopy\":\"Continue reading for less.\",\"toutRegularCopy\":\"Upgrade to an annual subscription and save up to $120 every year.\"}}","experiments":[]},{"targetId":"t3hjp","priority":999999,"condition":"{\"and\":[{\"or\":[{\"indicator_value\":\"\",\"indicator_comparator\":\"\",\"value\":0.5,\"comparator\":\"gt\",\"id\":\"churn_propensity\",\"type\":\"numeric\",\"store\":\"byzantium\",\"path\":\"Metadata.action\"}]},{\"or\":[{\"indicator_value\":\"\",\"indicator_comparator\":\"\",\"value\":\"DIGITAL\",\"comparator\":\"eq\",\"id\":\"subscriptionType\",\"type\":\"enumeration\",\"store\":\"userInfo\",\"path\":\"subscriptionType\"}]},{\"or\":[{\"indicator_value\":\"\",\"indicator_comparator\":\"\",\"value\":\"Month\",\"comparator\":\"eq\",\"id\":\"billingPeriod\",\"type\":\"enumeration\",\"store\":\"userInfo\",\"path\":\"billingPeriod\"}]},{\"or\":[{\"indicator_value\":\"\",\"indicator_comparator\":\"\",\"value\":true,\"comparator\":\"eq\",\"id\":\"subscriber\",\"type\":\"boolean\",\"store\":\"userInfo\",\"path\":\"subscriber\"}]},{\"or\":[{\"indicator_value\":\"\",\"indicator_comparator\":\"\",\"value\":\"RU\",\"comparator\":\"nct\",\"id\":\"geoIp\",\"type\":\"string\",\"store\":\"geo\"}]},{\"or\":[{\"indicator_value\":\"\",\"indicator_comparator\":\"\",\"value\":\"UA\",\"comparator\":\"nct\",\"id\":\"geoIp\",\"type\":\"string\",\"store\":\"geo\"}]},{\"or\":[{\"indicator_value\":\"\",\"indicator_comparator\":\"\",\"value\":\"BY\",\"comparator\":\"nct\",\"id\":\"geoIp\",\"type\":\"string\",\"store\":\"geo\"}]}]}","config":"{\"upsell-offer\":{\"title\":\"Save 30% with annual billing\",\"subtitle\":\"Lock in your discounted rate.\",\"ratePlanId\":\"8a1297638180b1b601818800caf271ff\",\"toutBoldCopy\":\"Continue reading for less.\",\"toutRegularCopy\":\"Upgrade to an annual subscription and save up to $120 every year.\"}}","experiments":[]},{"targetId":"tbvvi","priority":1000000,"condition":"{\"and\":[{\"or\":[{\"indicator_value\":\"utm_medium\",\"indicator_comparator\":\"eq\",\"value\":\"email\",\"comparator\":\"eq\",\"id\":\"queryParameters\",\"type\":\"string\",\"store\":\"url\",\"path\":\"urlUtmValues.queryParams\"}]},{\"or\":[{\"indicator_value\":\"utm_source\",\"indicator_comparator\":\"eq\",\"value\":\"subs-offer\",\"comparator\":\"eq\",\"id\":\"queryParameters\",\"type\":\"string\",\"store\":\"url\",\"path\":\"urlUtmValues.queryParams\"}]},{\"or\":[{\"indicator_value\":\"utm_campaign\",\"indicator_comparator\":\"eq\",\"value\":\"ups-99c-upsell-dollar\",\"comparator\":\"eq\",\"id\":\"queryParameters\",\"type\":\"string\",\"store\":\"url\",\"path\":\"urlUtmValues.queryParams\"},{\"indicator_value\":\"utm_campaign\",\"indicator_comparator\":\"eq\",\"value\":\"ups-1.99-upsell-percent\",\"comparator\":\"eq\",\"id\":\"queryParameters\",\"type\":\"string\",\"store\":\"url\",\"path\":\"urlUtmValues.queryParams\"},{\"indicator_value\":\"utm_campaign\",\"indicator_comparator\":\"eq\",\"value\":\"ups-fp-monthly-user-upsell-dollar\",\"comparator\":\"eq\",\"id\":\"queryParameters\",\"type\":\"string\",\"store\":\"url\",\"path\":\"urlUtmValues.queryParams\"}]},{\"or\":[{\"indicator_value\":\"utm_term\",\"indicator_comparator\":\"eq\",\"value\":\"43645\",\"comparator\":\"eq\",\"id\":\"queryParameters\",\"type\":\"string\",\"store\":\"url\",\"path\":\"urlUtmValues.queryParams\"},{\"indicator_value\":\"utm_term\",\"indicator_comparator\":\"eq\",\"value\":\"44276\",\"comparator\":\"eq\",\"id\":\"queryParameters\",\"type\":\"string\",\"store\":\"url\",\"path\":\"urlUtmValues.queryParams\"},{\"indicator_value\":\"utm_term\",\"indicator_comparator\":\"eq\",\"value\":\"44529\",\"comparator\":\"eq\",\"id\":\"queryParameters\",\"type\":\"string\",\"store\":\"url\",\"path\":\"urlUtmValues.queryParams\"},{\"indicator_value\":\"utm_term\",\"indicator_comparator\":\"eq\",\"value\":\"44555\",\"comparator\":\"eq\",\"id\":\"queryParameters\",\"type\":\"string\",\"store\":\"url\",\"path\":\"urlUtmValues.queryParams\"},{\"indicator_value\":\"utm_term\",\"indicator_comparator\":\"eq\",\"value\":\"44556\",\"comparator\":\"eq\",\"id\":\"queryParameters\",\"type\":\"string\",\"store\":\"url\",\"path\":\"urlUtmValues.queryParams\"}]},{\"or\":[{\"indicator_value\":\"utm_content\",\"indicator_comparator\":\"eq\",\"value\":\"cta-button\",\"comparator\":\"eq\",\"id\":\"queryParameters\",\"type\":\"string\",\"store\":\"url\",\"path\":\"urlUtmValues.queryParams\"},{\"indicator_value\":\"utm_content\",\"indicator_comparator\":\"eq\",\"value\":\"hero-img\",\"comparator\":\"eq\",\"id\":\"queryParameters\",\"type\":\"string\",\"store\":\"url\",\"path\":\"urlUtmValues.queryParams\"},{\"indicator_value\":\"utm_content\",\"indicator_comparator\":\"eq\",\"value\":\"chart-img\",\"comparator\":\"eq\",\"id\":\"queryParameters\",\"type\":\"string\",\"store\":\"url\",\"path\":\"urlUtmValues.queryParams\"}]}]}","config":"{\"upsell-offer\":{\"title\":\"Switch to annual and save.\",\"subtitle\":\"Upgrade to an annual subscription and save $120.\",\"ratePlanId\":\"8a1297638180b1b601818800caf271ff\"},\"upsell-offer-banner\":{\"outlet\":\"banner\",\"templateId\":313,\"Text_460_color\":\"white\",\"Text_644_color\":\"white\",\"renderStrategy\":\"on-load\",\"CloseButton_549_theme\":\"white\",\"PrimaryButton_723_label\":\"Claim my offer\",\"PrimaryButton_723_theme\":\"opinion-blue\",\"PrimaryButton_723_title\":\"Claim my offer\",\"Text_460_desktopContent\":\"Switch to annual and save.\",\"Text_644_desktopContent\":\"Upgrade to an annual subscription and save $120.\",\"CloseButton_549_modalRenderId\":313,\"PrimaryButton_723_modalRenderId\":313,\"FlexibleColumnContainer_222_color\":\"black\",\"Render_Manager_daysAfterLastShown\":1,\"Render_Manager_daysAfterLastClosed\":7,\"FlexibleColumnContainer_222_columnCount\":2}}","experiments":[]},{"targetId":"tspxd","priority":1000000,"condition":"{\"and\":[{\"or\":[{\"indicator_value\":\"utm_medium\",\"indicator_comparator\":\"eq\",\"value\":\"email\",\"comparator\":\"eq\",\"id\":\"queryParameters\",\"type\":\"string\",\"store\":\"url\",\"path\":\"urlUtmValues.queryParams\"}]},{\"or\":[{\"indicator_value\":\"utm_source\",\"indicator_comparator\":\"eq\",\"value\":\"subs-offer\",\"comparator\":\"eq\",\"id\":\"queryParameters\",\"type\":\"string\",\"store\":\"url\",\"path\":\"urlUtmValues.queryParams\"}]},{\"or\":[{\"indicator_value\":\"utm_campaign\",\"indicator_comparator\":\"eq\",\"value\":\"ups-99c-upsell-percent\",\"comparator\":\"eq\",\"id\":\"queryParameters\",\"type\":\"string\",\"store\":\"url\",\"path\":\"urlUtmValues.queryParams\"}]},{\"or\":[{\"indicator_value\":\"utm_term\",\"indicator_comparator\":\"eq\",\"value\":\"43648\",\"comparator\":\"eq\",\"id\":\"queryParameters\",\"type\":\"string\",\"store\":\"url\",\"path\":\"urlUtmValues.queryParams\"}]},{\"or\":[{\"indicator_value\":\"utm_content\",\"indicator_comparator\":\"eq\",\"value\":\"hero-img\",\"comparator\":\"eq\",\"id\":\"queryParameters\",\"type\":\"string\",\"store\":\"url\",\"path\":\"urlUtmValues.queryParams\"},{\"indicator_value\":\"utm_content\",\"indicator_comparator\":\"eq\",\"value\":\"chart-img\",\"comparator\":\"eq\",\"id\":\"queryParameters\",\"type\":\"string\",\"store\":\"url\",\"path\":\"urlUtmValues.queryParams\"},{\"indicator_value\":\"utm_content\",\"indicator_comparator\":\"eq\",\"value\":\"cta-button\",\"comparator\":\"eq\",\"id\":\"queryParameters\",\"type\":\"string\",\"store\":\"url\",\"path\":\"urlUtmValues.queryParams\"}]}]}","config":"{\"upsell-offer\":{\"title\":\"Switch to annual and save.\",\"subtitle\":\"Upgrade to an annual subscription and save 30%.\",\"ratePlanId\":\"8a1297638180b1b601818800caf271ff\"},\"upsell-offer-banner\":{\"outlet\":\"banner\",\"templateId\":313,\"Text_460_color\":\"white\",\"Text_644_color\":\"white\",\"renderStrategy\":\"on-load\",\"CloseButton_549_theme\":\"white\",\"PrimaryButton_723_label\":\"Claim my offer\",\"PrimaryButton_723_theme\":\"opinion-blue\",\"PrimaryButton_723_title\":\"Claim my offer\",\"Text_460_desktopContent\":\"Switch to annual and save.\",\"Text_644_desktopContent\":\"Upgrade to an annual subscription and save 30%.\",\"CloseButton_549_modalRenderId\":313,\"PrimaryButton_723_modalRenderId\":313,\"FlexibleColumnContainer_222_color\":\"black\",\"Render_Manager_daysAfterLastShown\":1,\"Render_Manager_daysAfterLastClosed\":7,\"FlexibleColumnContainer_222_columnCount\":2}}","experiments":[]}]; }} var _____WB$wombat$assign$function_____ = function(name) {return (self._wb_wombat && self._wb_wombat.local_init && self._wb_wombat.local_init(name)) || self[name]; }; if (!self.__WB_pmw) { self.__WB_pmw = function(obj) { this.__WB_source = obj; return this; } } { let window = _____WB$wombat$assign$function_____("window"); let self = _____WB$wombat$assign$function_____("self"); let document = _____WB$wombat$assign$function_____("document"); let location = _____WB$wombat$assign$function_____("location"); let top = _____WB$wombat$assign$function_____("top"); let parent = _____WB$wombat$assign$function_____("parent"); let frames = _____WB$wombat$assign$function_____("frames"); let opener = _____WB$wombat$assign$function_____("opener"); let arguments; {window["jvln-asset-prefix"] = "https://assets.bwbx.io/s3/javelin"; }} { "js": [ "/public/javelin/js/core_vitals/core_vitals-f1dac682b9.js", "/public/javelin/js/components/event_bus/event_bus-462b234ebc.sync.js", "/public/javelin/js/components/preact/required/preact-41b1a5add6.sync.js", "/public/javelin/js/reg-ui-client/reg-ui-client-de8fd4852c.js", "/public/javelin/js/sparkle/initialize/initialize_sparkle-c03496d88c.js", "/public/javelin/js/abba/abba-158011eb0f.js", "/public/javelin/js/foundation/transporter/foundation_transporter-ce88b020e3.js", "/public/javelin/js/foundation/OverlayAd/OverlayAd-8088e33bb8.entry.js", "/public/javelin/js/foundation/LeaderboardAd/LeaderboardAd-69cfbbb338.entry.js", "/public/javelin/js/foundation/SuperburstAd/SuperburstAd-45930d0d20.entry.js", "/public/javelin/js/byzantium/byzantium-710babd7a5.js", "/public/javelin/js/components/video_player/video_player-eb21d0ec7f.js", "/public/javelin/js/foundation/ArticleBody/ArticleBody-d58303647e.entry.js", "/public/javelin/js/analytics/geoip/geoip-7c8d29aa6e.js", "/public/javelin/js/dependencies/dependencies-ab77720231.js" ], "css": [ "/public/javelin/css/application/application-f84a6c413e.css", "/public/javelin/css/application/application-1488c77cf2.mobile-tablet.css", "/public/javelin/css/print_foundation/print-65335d1881.css", "/public/javelin/css/sparkle/initialize/initialize_sparkle-28c3bb1bed.css", "/public/javelin/css/components/skiplink/skiplink-684dc5ecd7.css", "/public/javelin/css/foundation/LeaderboardAd/LeaderboardAd-399413a06a.css", "/public/javelin/js/foundation/ArticleBody/ArticleBody-e544ef3112.entry-jsx.css", "/public/javelin/css/foundation/ArticleBody/ArticleBody-e7f41abd18.tsx.css", "/public/javelin/css/foundation/ArticleBody/AudioPlayer-ea9e346b2d.css", "/public/javelin/css/foundation/ArticleBody/BodyAds-464967946a.css", "/public/javelin/css/foundation/ArticleBody/BodyContent-743d4afb1f.css", "/public/javelin/css/foundation/ArticleBody/Charts-0c90d3fdcb.css", "/public/javelin/css/foundation/ArticleBody/LazyImage-943dc1c3c4.css", "/public/javelin/css/foundation/ArticleBody/Sizes-d41d8cd98f.css", "/public/javelin/css/foundation/ArticleBody/postr_recirc-e75d1b96c5.css", "/public/javelin/css/foundation/ArticleBody/BodyContent-c520e5e7f2.desktop.css", "/public/javelin/css/foundation/ArticleBody/Charts-ed3eb13025.desktop.css", "/public/javelin/css/foundation/ArticleBody/BodyContent-5a031c4c0f.large_desktop.css", "/public/javelin/css/foundation/ArticleBody/BodyContent-b50507ca95.mobile.css", "/public/javelin/css/foundation/ArticleBody/BodyContent-21025c68da.tablet.css" ] } var _____WB$wombat$assign$function_____ = function(name) {return (self._wb_wombat && self._wb_wombat.local_init && self._wb_wombat.local_init(name)) || self[name]; }; if (!self.__WB_pmw) { self.__WB_pmw = function(obj) { this.__WB_source = obj; return this; } } { let window = _____WB$wombat$assign$function_____("window"); let self = _____WB$wombat$assign$function_____("self"); let document = _____WB$wombat$assign$function_____("document"); let location = _____WB$wombat$assign$function_____("location"); let top = _____WB$wombat$assign$function_____("top"); let parent = _____WB$wombat$assign$function_____("parent"); let frames = _____WB$wombat$assign$function_____("frames"); let opener = _____WB$wombat$assign$function_____("opener"); let arguments; {(function(w,d,s,l,i){w[l]=w[l]||[];w[l].push({'gtm.start':new Date().getTime(),event:'gtm.js'});var f=d.getElementsByTagName(s)[0],j=d.createElement(s),dl=l!='dataLayer'?'&l='+l:'';j.defer=true;j.src='https://www.googletagmanager.com/gtm.js?id='+i+dl;f.parentNode.insertBefore(j,f);})(window,document,'script','dataLayer','GTM-MNTH5N'); }} <iframe src="https://viahtml.hypothes.is/proxy/if_/https://www.googletagmanager.com/ns.html?id=GTM-MNTH5N&nojscript=true" height="0" width="0" style="display:none;visibility:hidden"></iframe> var _____WB$wombat$assign$function_____ = function(name) {return (self._wb_wombat && self._wb_wombat.local_init && self._wb_wombat.local_init(name)) || self[name]; }; if (!self.__WB_pmw) { self.__WB_pmw = function(obj) { this.__WB_source = obj; return this; } } { let window = _____WB$wombat$assign$function_____("window"); let self = _____WB$wombat$assign$function_____("self"); let document = _____WB$wombat$assign$function_____("document"); let location = _____WB$wombat$assign$function_____("location"); let top = _____WB$wombat$assign$function_____("top"); let parent = _____WB$wombat$assign$function_____("parent"); let frames = _____WB$wombat$assign$function_____("frames"); let opener = _____WB$wombat$assign$function_____("opener"); let arguments; {(function(d){var s=d.createElement("script");s.async=true;s.src="https://www.bloomberg.com/tophat/assets/v2.6.4/that.js";s.type="text/javascript";d.head.appendChild(s);})(document); }} var _____WB$wombat$assign$function_____ = function(name) {return (self._wb_wombat && self._wb_wombat.local_init && self._wb_wombat.local_init(name)) || self[name]; }; if (!self.__WB_pmw) { self.__WB_pmw = function(obj) { this.__WB_source = obj; return this; } } { let window = _____WB$wombat$assign$function_____("window"); let self = _____WB$wombat$assign$function_____("self"); let document = _____WB$wombat$assign$function_____("document"); let location = _____WB$wombat$assign$function_____("location"); let top = _____WB$wombat$assign$function_____("top"); let parent = _____WB$wombat$assign$function_____("parent"); let frames = _____WB$wombat$assign$function_____("frames"); let opener = _____WB$wombat$assign$function_____("opener"); let arguments; {!function(){window._pxAppId="PX8FCGYgk4";var e=document.getElementsByTagName("script")[0],t=document.createElement("script");t.async=1,t.src="/8FCGYgk4/init.js",e.parentNode.insertBefore(t,e)}() }} <div style="position:fixed; top:0; left:0; display:none" width="1" height="1"> <img src="/proxy/im_/https://www.bloomberg.com/8FCGYgk4/xhr/api/v1/collector/noScript.gif?appId=PX8FCGYgk4" alt="PxPixel"> </div> var _____WB$wombat$assign$function_____ = function(name) {return (self._wb_wombat && self._wb_wombat.local_init && self._wb_wombat.local_init(name)) || self[name]; }; if (!self.__WB_pmw) { self.__WB_pmw = function(obj) { this.__WB_source = obj; return this; } } { let window = _____WB$wombat$assign$function_____("window"); let self = _____WB$wombat$assign$function_____("self"); let document = _____WB$wombat$assign$function_____("document"); let location = _____WB$wombat$assign$function_____("location"); let top = _____WB$wombat$assign$function_____("top"); let parent = _____WB$wombat$assign$function_____("parent"); let frames = _____WB$wombat$assign$function_____("frames"); let opener = _____WB$wombat$assign$function_____("opener"); let arguments; { window.__bloomberg__ = window.__bloomberg__ || {}; const bridge = new window.bridgeWebModule(); window.__bloomberg__.byzantium = new window.msByzantiumCoreModule.ByzantiumCore(bridge, { coordinatorServiceUrl: "https://coordinator.cm.bloomberg.com/coordination" }); const contentMetadataElement = document.querySelector("#article-info-QW88EUT1UM0W01"); const contentMetadata = JSON.parse(contentMetadataElement.textContent); window.__bloomberg__.byzantium.setContentMetadata(contentMetadata); window.__bloomberg__.byzantium.refreshCoordinatorServiceData().then(function() { performance.mark("fortress:byzantium-refresh"); }); }} var _____WB$wombat$assign$function_____ = function(name) {return (self._wb_wombat && self._wb_wombat.local_init && self._wb_wombat.local_init(name)) || self[name]; }; if (!self.__WB_pmw) { self.__WB_pmw = function(obj) { this.__WB_source = obj; return this; } } { let window = _____WB$wombat$assign$function_____("window"); let self = _____WB$wombat$assign$function_____("self"); let document = _____WB$wombat$assign$function_____("document"); let location = _____WB$wombat$assign$function_____("location"); let top = _____WB$wombat$assign$function_____("top"); let parent = _____WB$wombat$assign$function_____("parent"); let frames = _____WB$wombat$assign$function_____("frames"); let opener = _____WB$wombat$assign$function_____("opener"); let arguments; {!function(e,c,n){function t(n,t){t.forEach(function(t){!function(n,t){if(e.matchMedia(n).matches){var i=c.createElement("script");i.src=t,i.type="text/javascript",i.async=!0,c.body.appendChild(i)}}(n,t)})}e[n]?e[n].injectScriptsForMedia=t:e[n]={injectScriptsForMedia:t}}(window,document,"jvln-dependencies"); }} var _____WB$wombat$assign$function_____ = function(name) {return (self._wb_wombat && self._wb_wombat.local_init && self._wb_wombat.local_init(name)) || self[name]; }; if (!self.__WB_pmw) { self.__WB_pmw = function(obj) { this.__WB_source = obj; return this; } } { let window = _____WB$wombat$assign$function_____("window"); let self = _____WB$wombat$assign$function_____("self"); let document = _____WB$wombat$assign$function_____("document"); let location = _____WB$wombat$assign$function_____("location"); let top = _____WB$wombat$assign$function_____("top"); let parent = _____WB$wombat$assign$function_____("parent"); let frames = _____WB$wombat$assign$function_____("frames"); let opener = _____WB$wombat$assign$function_____("opener"); let arguments; {window["jvln-dependencies"].injectScriptsForMedia("all", [ "https://assets.bwbx.io/s3/javelin/public/javelin/js/core_vitals/core_vitals-f1dac682b9.js", "https://assets.bwbx.io/s3/javelin/public/javelin/js/reg-ui-client/reg-ui-client-de8fd4852c.js", "https://assets.bwbx.io/s3/javelin/public/javelin/js/sparkle/initialize/initialize_sparkle-c03496d88c.js", "https://assets.bwbx.io/s3/javelin/public/javelin/js/abba/abba-158011eb0f.js", "https://assets.bwbx.io/s3/javelin/public/javelin/js/foundation/transporter/foundation_transporter-ce88b020e3.js", "https://assets.bwbx.io/s3/javelin/public/javelin/js/foundation/OverlayAd/OverlayAd-8088e33bb8.entry.js", "https://assets.bwbx.io/s3/javelin/public/javelin/js/foundation/LeaderboardAd/LeaderboardAd-69cfbbb338.entry.js", "https://assets.bwbx.io/s3/javelin/public/javelin/js/foundation/SuperburstAd/SuperburstAd-45930d0d20.entry.js", "https://assets.bwbx.io/s3/javelin/public/javelin/js/byzantium/byzantium-710babd7a5.js", "https://assets.bwbx.io/s3/javelin/public/javelin/js/components/video_player/video_player-eb21d0ec7f.js", "https://assets.bwbx.io/s3/javelin/public/javelin/js/foundation/ArticleBody/ArticleBody-d58303647e.entry.js", "https://assets.bwbx.io/s3/javelin/public/javelin/js/analytics/geoip/geoip-7c8d29aa6e.js", "https://assets.bwbx.io/s3/javelin/public/javelin/js/dependencies/dependencies-ab77720231.js" ]); }} var _____WB$wombat$assign$function_____ = function(name) {return (self._wb_wombat && self._wb_wombat.local_init && self._wb_wombat.local_init(name)) || self[name]; }; if (!self.__WB_pmw) { self.__WB_pmw = function(obj) { this.__WB_source = obj; return this; } } { let window = _____WB$wombat$assign$function_____("window"); let self = _____WB$wombat$assign$function_____("self"); let document = _____WB$wombat$assign$function_____("document"); let location = _____WB$wombat$assign$function_____("location"); let top = _____WB$wombat$assign$function_____("top"); let parent = _____WB$wombat$assign$function_____("parent"); let frames = _____WB$wombat$assign$function_____("frames"); let opener = _____WB$wombat$assign$function_____("opener"); let arguments; { (function(w, n) { w[n] = w[n] || {}; w[n].cmd = w[n].cmd || []; })(window, "PlugClient"); }} var _____WB$wombat$assign$function_____ = function(name) {return (self._wb_wombat && self._wb_wombat.local_init && self._wb_wombat.local_init(name)) || self[name]; }; if (!self.__WB_pmw) { self.__WB_pmw = function(obj) { this.__WB_source = obj; return this; } } { let window = _____WB$wombat$assign$function_____("window"); let self = _____WB$wombat$assign$function_____("self"); let document = _____WB$wombat$assign$function_____("document"); let location = _____WB$wombat$assign$function_____("location"); let top = _____WB$wombat$assign$function_____("top"); let parent = _____WB$wombat$assign$function_____("parent"); let frames = _____WB$wombat$assign$function_____("frames"); let opener = _____WB$wombat$assign$function_____("opener"); { (function(){window.__piiRedact=window.__piiRedact||!1;var k=function(f){var c=[{name:"EMAIL",regex:/[^\/]{4}(@|%40)(?!example\.com)[^\/]{4}/gi,group:""},{name:"SELF-EMAIL",regex:/[^\/]{4}(@|%40)(?=example\.com)[^\/]{4}/gi,group:""},{name:"TEL",regex:/((tel=)|(telephone=)|(phone=)|(mobile=)|(mob=))[\d\+\s][^&\/\?]+/gi,group:"$1"},{name:"NAME",regex:/((firstname=)|(lastname=)|(surname=))[^&\/\?]+/gi,group:"$1"},{name:"PASSWORD",regex:/((password=)|(passwd=)|(pass=))[^&\/\?]+/gi,group:"$1"},{name:"ZIP", regex:/((postcode=)|(zipcode=)|(zip=))[^&\/\?]+/gi,group:"$1"}],d=function(a){return(a||document.location.search).replace(/(^\?)/,"").split("\x26").map(function(b){return b=b.split("\x3d"),_____WB$wombat$check$this$function_____(this)[b[0]]=decodeURIComponent(b[1]),_____WB$wombat$check$this$function_____(this)}.bind({}))[0]},h=function(a){return Object.keys(a).map(function(b){return b+"\x3d"+encodeURIComponent(a[b])}).join("\x26")},e=d(f),g;for(g in e)c.forEach(function(a){e[g].match(a.regex)&&(e[g]=e[g].replace(a.regex,a.group+"[REDACTED "+a.name+"]"))});return h(e)};if(!window.__piiRedact){window.__piiRedact= !0;try{var l=window.navigator.sendBeacon;window.navigator.sendBeacon=function(){if(arguments&&arguments[0].match(/google-analytics\.com.*v=2&/)){var f=arguments[0].split("?")[0],c=arguments[0].split("?")[1];c=k(c);var d=[];arguments[1]&&arguments[1].split("\r\n").forEach(function(h){d.push(k(h))});arguments[0]=[f,c].join("?");arguments[1]&&0<d.length&&d.join("\r\n")}return l.apply(this,arguments)}}catch(f){return l.apply(this,arguments)}}})(); }}function getIP(a){dataLayer.push({event:"ipEvent",ipAddress:a.ip})}; var _____WB$wombat$assign$function_____ = function(name) {return (self._wb_wombat && self._wb_wombat.local_init && self._wb_wombat.local_init(name)) || self[name]; }; if (!self.__WB_pmw) { self.__WB_pmw = function(obj) { this.__WB_source = obj; return this; } } { let window = _____WB$wombat$assign$function_____("window"); let self = _____WB$wombat$assign$function_____("self"); let document = _____WB$wombat$assign$function_____("document"); let location = _____WB$wombat$assign$function_____("location"); let top = _____WB$wombat$assign$function_____("top"); let parent = _____WB$wombat$assign$function_____("parent"); let frames = _____WB$wombat$assign$function_____("frames"); let opener = _____WB$wombat$assign$function_____("opener"); { (function(){var b=/US~US/.test(google_tag_manager["GTM-MNTH5N"].macro(29))?"https://cdn.brandmetrics.com/tag/002bd45403b64f0698cb2579a9094574/US.js":/US~CA/.test(google_tag_manager["GTM-MNTH5N"].macro(30))?"https://cdn.brandmetrics.com/tag/002bd45403b64f0698cb2579a9094574/CAN.js":/Asia~/.test(google_tag_manager["GTM-MNTH5N"].macro(31))?"https://cdn.brandmetrics.com/tag/002bd45403b64f0698cb2579a9094574/APAC.js":/(Europe|Africa|Middleeast)~/.test(google_tag_manager["GTM-MNTH5N"].macro(32))?"https://cdn.brandmetrics.com/tag/002bd45403b64f0698cb2579a9094574/EMEA.js":"https://cdn.brandmetrics.com/tag/002bd45403b64f0698cb2579a9094574/ROW.js"; if(google_tag_manager["GTM-MNTH5N"].macro(33)){var a=document.createElement("script");a.async=1;a.setAttribute("src",b);document.head.appendChild(a)}})(); }}var _____WB$wombat$assign$function_____ = function(name) {return (self._wb_wombat && self._wb_wombat.local_init && self._wb_wombat.local_init(name)) || self[name]; }; if (!self.__WB_pmw) { self.__WB_pmw = function(obj) { this.__WB_source = obj; return this; } } { let window = _____WB$wombat$assign$function_____("window"); let self = _____WB$wombat$assign$function_____("self"); let document = _____WB$wombat$assign$function_____("document"); let location = _____WB$wombat$assign$function_____("location"); let top = _____WB$wombat$assign$function_____("top"); let parent = _____WB$wombat$assign$function_____("parent"); let frames = _____WB$wombat$assign$function_____("frames"); let opener = _____WB$wombat$assign$function_____("opener"); { (function(a){var b=a.body;a=a.createElement("div");a.innerHTML='\x3cspan id\x3d"parsely-cfg" data-parsely-site\x3d"bloomberg.com"\x3e\x3c/span\x3e';a.id="parsely-root";a.style.display="none";b.appendChild(a)})(document); (function(a,b,d){var e=d.location.protocol,f=b+"-"+a,c=d.getElementById(f),g=d.getElementById(b+"-root");b="https:"===e?"d1z2jf7jlzjs58.cloudfront.net":"static."+b+".com";c||(c=d.createElement(a),c.id=f,c.async=!0,c.src=e+"//"+b+"/p.js",g.appendChild(c))})("script","parsely",document); }}var _____WB$wombat$assign$function_____ = function(name) {return (self._wb_wombat && self._wb_wombat.local_init && self._wb_wombat.local_init(name)) || self[name]; }; if (!self.__WB_pmw) { self.__WB_pmw = function(obj) { this.__WB_source = obj; return this; } } { let window = _____WB$wombat$assign$function_____("window"); let self = _____WB$wombat$assign$function_____("self"); let document = _____WB$wombat$assign$function_____("document"); let location = _____WB$wombat$assign$function_____("location"); let top = _____WB$wombat$assign$function_____("top"); let parent = _____WB$wombat$assign$function_____("parent"); let frames = _____WB$wombat$assign$function_____("frames"); let opener = _____WB$wombat$assign$function_____("opener"); { (function(){window._pxParam3="true"===google_tag_manager["GTM-MNTH5N"].macro(60)?1:0;window._pxParam4="logged_in"===google_tag_manager["GTM-MNTH5N"].macro(61)?1:0;window._pxParam6=google_tag_manager["GTM-MNTH5N"].macro(62);if(!window._pxAppId){window._pxAppId="PX8FCGYgk4";var b=document.getElementsByTagName("script")[0],a=document.createElement("script");a.async=1;a.src="/8FCGYgk4/init.js";b.parentNode.insertBefore(a,b)}})(); }} <div style="position:fixed; top:0; left:0; display:none" width="1" height="1"> <img src="/proxy/im_/https://www.bloomberg.com/8FCGYgk4/xhr/api/v1/collector/noScript.gif?appId=PX8FCGYgk4" alt="PxPixel"> </div> var _____WB$wombat$assign$function_____ = function(name) {return (self._wb_wombat && self._wb_wombat.local_init && self._wb_wombat.local_init(name)) || self[name]; }; if (!self.__WB_pmw) { self.__WB_pmw = function(obj) { this.__WB_source = obj; return this; } } { let window = _____WB$wombat$assign$function_____("window"); let self = _____WB$wombat$assign$function_____("self"); let document = _____WB$wombat$assign$function_____("document"); let location = _____WB$wombat$assign$function_____("location"); let top = _____WB$wombat$assign$function_____("top"); let parent = _____WB$wombat$assign$function_____("parent"); let frames = _____WB$wombat$assign$function_____("frames"); let opener = _____WB$wombat$assign$function_____("opener"); { (function(){var a="12098",d="ksg",c="lotame_"+a+"_auds";window.googletag=window.googletag||{};window.googletag.cmd=window.googletag.cmd||[];try{var e=window.localStorage.getItem(c)||"";e&&googletag.cmd.push(function(){window.googletag.pubads().setTargeting(d,e.split(","))})}catch(f){}var b=function(f){var g=f.getAudiences()||[];googletag.cmd.push(function(){window.googletag.pubads().setTargeting(d,g)})};b={clientId:Number(a),audienceLocalStorage:c,onProfileReady:b};c={behaviors:{"int":"dataLayer : brand : markets;dataLayer : contentType : content-archived;dataLayer : pageType : content;dataLayer : refresh : false;dataLayer : topic : Capital Partners;dataLayer : transporter : false".split(";")}, thirdParty:{namespace:"BLPI",value:"undefined"}};b=b||{};a=window["lotame_"+a]={};a.config=b;a.data=c||{};a.cmd=a.cmd||[]})(); }} var _____WB$wombat$assign$function_____ = function(name) {return (self._wb_wombat && self._wb_wombat.local_init && self._wb_wombat.local_init(name)) || self[name]; }; if (!self.__WB_pmw) { self.__WB_pmw = function(obj) { this.__WB_source = obj; return this; } } { let window = _____WB$wombat$assign$function_____("window"); let self = _____WB$wombat$assign$function_____("self"); let document = _____WB$wombat$assign$function_____("document"); let location = _____WB$wombat$assign$function_____("location"); let top = _____WB$wombat$assign$function_____("top"); let parent = _____WB$wombat$assign$function_____("parent"); let frames = _____WB$wombat$assign$function_____("frames"); let opener = _____WB$wombat$assign$function_____("opener"); { (function(){var m="https://tracking.bloomberg.com/psz/pixel.gif",n="Author Bond City Classification Commodity Company Country Currency Dataarticle Event External Feature Fund Index Interactive Location Newsletter Organization Person Quicktake Region Section Series Slideshow Storythread Story Topic Tracker Video".split(" "),p={author:"Author",article:"Story",breaking_news:"Story",data_article:"Dataarticle",feature:"Feature",interactive:"Interactive",quicktake:"Quicktake",slideshow:"Slideshow",tracker:"Tracker", video:"Video"},q={extend:function(){var c=[].slice.call(arguments),a=c.shift();return[].reduce.call(c,function(b,d){for(var e in d)b[e]=d[e];return b},a)}},g=function(c,a){return function(b){if(window[c])b(window[c]);else{var d=function(e){window.removeEventListener(a,d);b(e.detail)};window.addEventListener(a,d)}}},r=g("_geoIpInfo","geo-ip-ready"),t=g("_regUserInfo","reg-user-info-ready"),u=function(c){return Object.keys(c).filter(function(a){a=c[a];return!(void 0===a||null===a||""===a)}).map(function(a){var b= encodeURIComponent(a);a=encodeURIComponent(c[a]);return b+"\x3d"+a}).join("\x26")},v=function(c,a){var b=new Image;b.src=c+"?"+u(a);b.onload=function(){b=null}},w=function(c,a){a.blocked="false";a.timezoneOffset=6E4*(new Date).getTimezoneOffset();r(function(b){a.bb_country=b.country;a.region=b.region;t(function(d){a.session_id=d.sessionId;a.session_key=d.sessionKey;a.agent_id=d.agentId;a.breg=d.userId;v(c,a)})})};g=function(c,a,b,d,e){if(!b||0>n.indexOf(a))throw Error("Invalid resource");var h=a+ "|"+b;try{var k=window.localStorage,x=k.getItem(h);k.removeItem(h);var f=JSON.parse(x);"string"===typeof f&&(f=JSON.parse(f));var l="object"===typeof f?f:{}}catch(y){l={}}q.extend(e,l,{site:c,referrer:d.replace(/&/g,"---"),resourceType:a,resourceId:b});w(m,e)};g(google_tag_manager["GTM-MNTH5N"].macro(63),p[google_tag_manager["GTM-MNTH5N"].macro(64)]||google_tag_manager["GTM-MNTH5N"].macro(65),google_tag_manager["GTM-MNTH5N"].macro(66),google_tag_manager["GTM-MNTH5N"].macro(67),{resourceSubType:google_tag_manager["GTM-MNTH5N"].macro(68),interactionType:"VIEW",exp_pref:google_tag_manager["GTM-MNTH5N"].macro(69)})})(); }} var _____WB$wombat$assign$function_____ = function(name) {return (self._wb_wombat && self._wb_wombat.local_init && self._wb_wombat.local_init(name)) || self[name]; }; if (!self.__WB_pmw) { self.__WB_pmw = function(obj) { this.__WB_source = obj; return this; } } { let window = _____WB$wombat$assign$function_____("window"); let self = _____WB$wombat$assign$function_____("self"); let document = _____WB$wombat$assign$function_____("document"); let location = _____WB$wombat$assign$function_____("location"); let top = _____WB$wombat$assign$function_____("top"); let parent = _____WB$wombat$assign$function_____("parent"); let frames = _____WB$wombat$assign$function_____("frames"); let opener = _____WB$wombat$assign$function_____("opener"); { function udm_(c){var k="comScore\x3d",a=document,b=a.cookie,r="",t="indexOf",l="substring",w="length",x=2048,m,n="\x26ns_",p="\x26",d,e=window,u=e.encodeURIComponent||escape;if(b[t](k)+1){var f=0;b=b.split(";");for(d=b[w];f<d;f++){var g=b[f][t](k);g+1&&(r=p+unescape(b[f][l](g+k[w])))}}c+=n+"_t\x3d"+ +new Date+n+"c\x3d"+(a.characterSet||a.defaultCharset||"")+r;c[w]>x&&0<c[t](p)&&(m=c[l](0,x-8).lastIndexOf(p),c=(c[l](0,m)+n+"cut\x3d"+u(c[l](m+1)))[l](0,x));a.images?(g=new Image,e.ns_p||(ns_p=g),g.src= c):a.write("\x3c","p","\x3e\x3c",'img src\x3d"',c,'" height\x3d"1" width\x3d"1" alt\x3d"*"',"\x3e\x3c","/p","\x3e")}"undefined"==typeof _comscore&&(_comscore=[]); (function(){var c="length",k=self,a=k.encodeURIComponent?encodeURIComponent:escape,b=".scorecardresearch.com",r="//app"+b+"/s2e/invite",t=Math,l="script",w="width",x=/c2=(\d*)&/,m,n=function(d){if(d){var e=[];var u=0,f="";for(h in d){var g=typeof d[h];if("string"==g||"number"==g)e[e[c]]=h+"\x3d"+a(d[h]),"c2"==h?f=d[h]:"c1"==h&&(u=1)}if(!(0>=e[c]||""==f)){var v=d.options||{};v.d=v.d||document;if("string"==typeof v.url_append){d=v.url_append.replace(/&/,"\x26").split("\x26");var h=0;for(g=d[c];h<g;h++)f= d[h].split("\x3d"),2==f[c]&&(e[e[c]]=f[0]+"\x3d"+a(f[1]))}e=["http","s"==v.d.URL.charAt(4)?"s://sb":"://b",b,"/b?",u?"":"c1\x3d2\x26",e.join("\x26").replace(/&$/,"")];udm_(e.join(""),function(){var q=v;if(!(0>this.src.indexOf("c1\x3d2"))&&q.d.createElement&&(q.force_script_extension||2==_____WB$wombat$check$this$function_____(this)[w]&&this.height>t.round(100*t.random()))){var y=q.d.createElement(l),z=q.d.getElementsByTagName(l)[0];q=[q.script_extension_url||r,"?c2\x3d",this.src.match(x)[1]].join("");z&&(y.src=q,y.async=!0,z.parentNode.insertBefore(y, z))}})}}},p=function(d){d=d||_comscore;for(var e=0,u=d[c];e<u;e++)n(d[e]);_comscore=[]};p();(m=k.COMSCORE)?(m.purge=p,m.beacon=n):COMSCORE={purge:p,beacon:n}})(); (function(){function c(b,r){for(b=b.toString();b.length<r;)b="0"+b;return b}function k(){var b=new Date;return b.getFullYear()+"-"+c(b.getMonth(),2)+"-"+c(b.getDate(),2)+" "+c(b.getHours(),2)+":"+c(b.getMinutes(),2)+":"+c(b.getSeconds(),2)}var a={name:google_tag_manager["GTM-MNTH5N"].macro(70),bb_localhour:k(),bb_c_type:google_tag_manager["GTM-MNTH5N"].macro(71),bb_cg_3:window.document.title,bb_brand:google_tag_manager["GTM-MNTH5N"].macro(72)||google_tag_manager["GTM-MNTH5N"].macro(73),bb_screensize:window.screen.availWidth+"x"+window.screen.availHeight,bb_viewport:window.innerWidth+ "x"+window.innerHeight,bb_focus:google_tag_manager["GTM-MNTH5N"].macro(74),bb_refresh:"true"===google_tag_manager["GTM-MNTH5N"].macro(75)?"1":"0",bb_region:google_tag_manager["GTM-MNTH5N"].macro(76)||"US",bb_exp:google_tag_manager["GTM-MNTH5N"].macro(77)||"AMER",c1:2,c2:"3005059",c7:window.document.URL,c8:window.document.title,c9:"",bb_userid:google_tag_manager["GTM-MNTH5N"].macro(78),ns_site:google_tag_manager["GTM-MNTH5N"].macro(81)};google_tag_manager["GTM-MNTH5N"].macro(82)&&(a.bb_cg_2=google_tag_manager["GTM-MNTH5N"].macro(83));google_tag_manager["GTM-MNTH5N"].macro(84)&&(a.bb_groupid=google_tag_manager["GTM-MNTH5N"].macro(85),a.bb_attributor=google_tag_manager["GTM-MNTH5N"].macro(86), a.bb_author=google_tag_manager["GTM-MNTH5N"].macro(87),a.bb_pub_d=google_tag_manager["GTM-MNTH5N"].macro(88),a.bb_cg_3=google_tag_manager["GTM-MNTH5N"].macro(89),a.bb_transporter="true"===google_tag_manager["GTM-MNTH5N"].macro(90)?"1":"0",a.bb_slug=google_tag_manager["GTM-MNTH5N"].macro(91),a.bb_topic1=google_tag_manager["GTM-MNTH5N"].macro(92),a.bb_topic2=google_tag_manager["GTM-MNTH5N"].macro(93),a.bb_people=google_tag_manager["GTM-MNTH5N"].macro(94),a.bb_category=google_tag_manager["GTM-MNTH5N"].macro(95),a.legacy_bb_contentage=google_tag_manager["GTM-MNTH5N"].macro(98),google_tag_manager["GTM-MNTH5N"].macro(99)&&(a.bb_topic_opinion=google_tag_manager["GTM-MNTH5N"].macro(100)));COMSCORE.beacon(a)})(); }} var _____WB$wombat$assign$function_____ = function(name) {return (self._wb_wombat && self._wb_wombat.local_init && self._wb_wombat.local_init(name)) || self[name]; }; if (!self.__WB_pmw) { self.__WB_pmw = function(obj) { this.__WB_source = obj; return this; } } { let window = _____WB$wombat$assign$function_____("window"); let self = _____WB$wombat$assign$function_____("self"); let document = _____WB$wombat$assign$function_____("document"); let location = _____WB$wombat$assign$function_____("location"); let top = _____WB$wombat$assign$function_____("top"); let parent = _____WB$wombat$assign$function_____("parent"); let frames = _____WB$wombat$assign$function_____("frames"); let opener = _____WB$wombat$assign$function_____("opener"); { !function(d,e,f,a,b,c){d.qp||(a=d.qp=function(){a.qp?a.qp.apply(a,arguments):a.queue.push(arguments)},a.queue=[],b=document.createElement(e),b.async=!0,b.src=f,c=document.getElementsByTagName(e)[0],c.parentNode.insertBefore(b,c))}(window,"script","https://a.quora.com/qevents.js");qp("init","7f95fe1a74cb492e8656a1e2ab719ad4");qp("track","ViewContent"); }} <img height="1" width="1" style="display:none" src="https://viahtml.hypothes.is/proxy/im_/https://q.quora.com/_/ad/7f95fe1a74cb492e8656a1e2ab719ad4/pixel?tag=ViewContent&amp;noscript=1" alt=""> var _____WB$wombat$assign$function_____ = function(name) {return (self._wb_wombat && self._wb_wombat.local_init && self._wb_wombat.local_init(name)) || self[name]; }; if (!self.__WB_pmw) { self.__WB_pmw = function(obj) { this.__WB_source = obj; return this; } } { let window = _____WB$wombat$assign$function_____("window"); let self = _____WB$wombat$assign$function_____("self"); let document = _____WB$wombat$assign$function_____("document"); let location = _____WB$wombat$assign$function_____("location"); let top = _____WB$wombat$assign$function_____("top"); let parent = _____WB$wombat$assign$function_____("parent"); let frames = _____WB$wombat$assign$function_____("frames"); let opener = _____WB$wombat$assign$function_____("opener"); { !function(b,e,f,g,a,c,d){b.fbq||(a=b.fbq=function(){a.callMethod?a.callMethod.apply(a,arguments):a.queue.push(arguments)},b._fbq||(b._fbq=a),a.push=a,a.loaded=!0,a.version="2.0",a.queue=[],c=e.createElement(f),c.async=!0,c.src=g,d=e.getElementsByTagName(f)[0],d.parentNode.insertBefore(c,d))}(window,document,"script","https://connect.facebook.net/en_US/fbevents.js");fbq("init","227995338998622");fbq("trackSingle","227995338998622","PageView"); }} <img height="1" width="1" style="display:none" src="https://viahtml.hypothes.is/proxy/im_/https://www.facebook.com/tr?id=227995338998622&amp;ev=PageView&amp;noscript=1" alt=""> var _____WB$wombat$assign$function_____ = function(name) {return (self._wb_wombat && self._wb_wombat.local_init && self._wb_wombat.local_init(name)) || self[name]; }; if (!self.__WB_pmw) { self.__WB_pmw = function(obj) { this.__WB_source = obj; return this; } } { let window = _____WB$wombat$assign$function_____("window"); let self = _____WB$wombat$assign$function_____("self"); let document = _____WB$wombat$assign$function_____("document"); let location = _____WB$wombat$assign$function_____("location"); let top = _____WB$wombat$assign$function_____("top"); let parent = _____WB$wombat$assign$function_____("parent"); let frames = _____WB$wombat$assign$function_____("frames"); let opener = _____WB$wombat$assign$function_____("opener"); { !function(d,e,f,a,b,c){d.twq||(a=d.twq=function(){a.exe?a.exe.apply(a,arguments):a.queue.push(arguments)},a.version="1.1",a.queue=[],b=e.createElement(f),b.async=!0,b.src="//static.ads-twitter.com/uwt.js",c=e.getElementsByTagName(f)[0],c.parentNode.insertBefore(b,c))}(window,document,"script");twq("init","nzex3");twq("track","PageView"); }} var _____WB$wombat$assign$function_____ = function(name) {return (self._wb_wombat && self._wb_wombat.local_init && self._wb_wombat.local_init(name)) || self[name]; }; if (!self.__WB_pmw) { self.__WB_pmw = function(obj) { this.__WB_source = obj; return this; } } { let window = _____WB$wombat$assign$function_____("window"); let self = _____WB$wombat$assign$function_____("self"); let document = _____WB$wombat$assign$function_____("document"); let location = _____WB$wombat$assign$function_____("location"); let top = _____WB$wombat$assign$function_____("top"); let parent = _____WB$wombat$assign$function_____("parent"); let frames = _____WB$wombat$assign$function_____("frames"); let opener = _____WB$wombat$assign$function_____("opener"); { (function(c,d,f,g,e){c[e]=c[e]||[];var h=function(){var b={ti:"5820275"};b.q=c[e];c[e]=new UET(b);c[e].push("pageLoad")};var a=d.createElement(f);a.src=g;a.async=1;a.onload=a.onreadystatechange=function(){var b=this.readyState;b&&"loaded"!==b&&"complete"!==b||(h(),a.onload=a.onreadystatechange=null)};d=d.getElementsByTagName(f)[0];d.parentNode.insertBefore(a,d)})(window,document,"script","//bat.bing.com/bat.js","uetq"); }}var _____WB$wombat$assign$function_____ = function(name) {return (self._wb_wombat && self._wb_wombat.local_init && self._wb_wombat.local_init(name)) || self[name]; }; if (!self.__WB_pmw) { self.__WB_pmw = function(obj) { this.__WB_source = obj; return this; } } { let window = _____WB$wombat$assign$function_____("window"); let self = _____WB$wombat$assign$function_____("self"); let document = _____WB$wombat$assign$function_____("document"); let location = _____WB$wombat$assign$function_____("location"); let top = _____WB$wombat$assign$function_____("top"); let parent = _____WB$wombat$assign$function_____("parent"); let frames = _____WB$wombat$assign$function_____("frames"); let opener = _____WB$wombat$assign$function_____("opener"); { var DATALAYER_OBJECT_NAME="dataLayer",referrerOverride=function(d){var c=window[DATALAYER_OBJECT_NAME]||[];c.push({event:"optimizely-referrer-override","optimizely-referrer":d})},sendCampaignData=function(d,c,f,h,g,k,b,a,e){optimizely&&"function"===typeof optimizely.get&&(h=optimizely.get("data")&&optimizely.get("data").campaigns[c]&&optimizely.get("data").campaigns[c].integrationSettings&&optimizely.get("data").campaigns[c].integrationSettings.google_universal_analytics&&optimizely.get("data").campaigns[c].integrationSettings.google_universal_analytics.universal_analytics_slot)&& (d=d?d+"("+c+")":c,f=f.join(","),g=g?g+"("+k+")":f+"("+k+")",b=b?b+"("+a+")":a,e=e?"holdback":"treatment",e=[d,g,b,e].join(":"),b=window[DATALAYER_OBJECT_NAME]||[],b.push({event:"campaign-decided","optimizely-dimension-value":e,"optimizely-dimension-number":h}))},initNewOptimizelyIntegration=function(d,c){var f=!1,h=function(b){var a=window.optimizely.get&&window.optimizely.get("state"),e=a.getRedirectInfo()&&a.getRedirectInfo().referrer;!f&&e&&(d(e),f=!0);a=a.getCampaignStates({isActive:!0});a=a[b]; e=a.campaignName;if(0<a.audiences.length){var m=a.audiences.map(function(l){return l.name});var n=a.audiences.map(function(l){return l.id})}else m=["everyone_else"],n=[0];var p=a.experiment.name,q=a.experiment.id,r=a.variation.name,t=a.variation.id;c(e,b,m,n,p,q,r,t,a.isInCampaignHoldback)},g=function(){window.optimizely=window.optimizely||[];window.optimizely.push({type:"addListener",filter:{type:"lifecycle",name:"campaignDecided"},handler:function(b){b=b.data.campaign.id;h(b)}})},k=function(){var b= window.optimizely.get&&window.optimizely.get("state");if(b){b=b.getCampaignStates({isActive:!0});for(var a in b)h(a)}};k();g()},initOptimizelyIntegration=function(d,c){window.optimizely&&"function"===typeof window.optimizely.get&&initNewOptimizelyIntegration(d,c)};initOptimizelyIntegration(referrerOverride,sendCampaignData); }}var _____WB$wombat$assign$function_____ = function(name) {return (self._wb_wombat && self._wb_wombat.local_init && self._wb_wombat.local_init(name)) || self[name]; }; if (!self.__WB_pmw) { self.__WB_pmw = function(obj) { this.__WB_source = obj; return this; } } { let window = _____WB$wombat$assign$function_____("window"); let self = _____WB$wombat$assign$function_____("self"); let document = _____WB$wombat$assign$function_____("document"); let location = _____WB$wombat$assign$function_____("location"); let top = _____WB$wombat$assign$function_____("top"); let parent = _____WB$wombat$assign$function_____("parent"); let frames = _____WB$wombat$assign$function_____("frames"); let opener = _____WB$wombat$assign$function_____("opener"); { _linkedin_partner_id="403593";window._linkedin_data_partner_ids=window._linkedin_data_partner_ids||[];window._linkedin_data_partner_ids.push(_linkedin_partner_id); }}var _____WB$wombat$assign$function_____ = function(name) {return (self._wb_wombat && self._wb_wombat.local_init && self._wb_wombat.local_init(name)) || self[name]; }; if (!self.__WB_pmw) { self.__WB_pmw = function(obj) { this.__WB_source = obj; return this; } } { let window = _____WB$wombat$assign$function_____("window"); let self = _____WB$wombat$assign$function_____("self"); let document = _____WB$wombat$assign$function_____("document"); let location = _____WB$wombat$assign$function_____("location"); let top = _____WB$wombat$assign$function_____("top"); let parent = _____WB$wombat$assign$function_____("parent"); let frames = _____WB$wombat$assign$function_____("frames"); let opener = _____WB$wombat$assign$function_____("opener"); { (function(){var b=document.getElementsByTagName("script")[0],a=document.createElement("script");a.type="text/javascript";a.async=!0;a.src="https://snap.licdn.com/li.lms-analytics/insight.min.js";b.parentNode.insertBefore(a,b)})(); }} <img height="1" width="1" style="display:none;" alt="" src="https://viahtml.hypothes.is/proxy/im_/https://dc.ads.linkedin.com/collect/?pid=403593&amp;fmt=gif"> var _____WB$wombat$assign$function_____ = function(name) {return (self._wb_wombat && self._wb_wombat.local_init && self._wb_wombat.local_init(name)) || self[name]; }; if (!self.__WB_pmw) { self.__WB_pmw = function(obj) { this.__WB_source = obj; return this; } } { let window = _____WB$wombat$assign$function_____("window"); let self = _____WB$wombat$assign$function_____("self"); let document = _____WB$wombat$assign$function_____("document"); let location = _____WB$wombat$assign$function_____("location"); let top = _____WB$wombat$assign$function_____("top"); let parent = _____WB$wombat$assign$function_____("parent"); let frames = _____WB$wombat$assign$function_____("frames"); let opener = _____WB$wombat$assign$function_____("opener"); { (function(b,a){b.cmd=b.cmd||[];if(a){a=a.split(":");a=atob(a[1]);a=JSON.parse(a);a=a.ipc_id;for(var e=1,f=73,c=!1,d=0;d<a.length&&!(c=+a[d],c=c>=e&&c<=f);d++);c&&b.cmd.push(function(){"pubads"in b&&b.pubads().setTargeting("ss","on")})}})(window.googletag||{},google_tag_manager["GTM-MNTH5N"].macro(101)); }} var _____WB$wombat$assign$function_____ = function(name) {return (self._wb_wombat && self._wb_wombat.local_init && self._wb_wombat.local_init(name)) || self[name]; }; if (!self.__WB_pmw) { self.__WB_pmw = function(obj) { this.__WB_source = obj; return this; } } { let window = _____WB$wombat$assign$function_____("window"); let self = _____WB$wombat$assign$function_____("self"); let document = _____WB$wombat$assign$function_____("document"); let location = _____WB$wombat$assign$function_____("location"); let top = _____WB$wombat$assign$function_____("top"); let parent = _____WB$wombat$assign$function_____("parent"); let frames = _____WB$wombat$assign$function_____("frames"); let opener = _____WB$wombat$assign$function_____("opener"); { function cb(a){dataLayer.push({"Private Browser":a})}function isChrome(){return!!("undefined"!==typeof window&&window.navigator&&window.navigator.userAgent&&/Chrome/.test(window.navigator.userAgent)&&window.navigator.vendor&&/Google Inc/.test(window.navigator.vendor))}function isSafari(){return!(!("undefined"!==typeof window&&window.navigator&&window.navigator.userAgent&&/Safari/i.test(window.navigator.userAgent))||/Chrome/i.test(window.navigator.userAgent))} function isIEorEdge(){return!("undefined"===typeof window||!window.PointerEvent&&!window.MSPointerEvent)}function isFirefox(){return!!("undefined"!==typeof document&&document.documentElement&&document.documentElement.style&&"MozAppearance"in document.documentElement.style)}function retry(a,c){var e=0,f=50,b=!1,d=window.setInterval(function(){a()&&(window.clearInterval(d),c(b));e++>f&&(window.clearInterval(d),b=!0,c(b))},10)} if(isChrome())navigator&&navigator.storage&&navigator.storage.estimate?navigator.storage.estimate().then(function(a){12E7>a.quota?cb(!0):cb(!1)}):cb(!1);else if(isSafari())try{window.openDatabase(null,null,null,null),cb(!1)}catch(a){cb(!0)}else if(isFirefox()){var db;try{db=window.indexedDB.open("test")}catch(a){is_private=!0}"undefined"===typeof is_private&&retry(function(){return"done"===db.readyState?cb(!0):cb(!1)},function(a){a||(is_private=db.result?cb(!1):cb(!0))})}else if(isIEorEdge()){try{if(!window.indexedDB)throw Error("private mode"); }catch(a){cb(!0)}cb(!1)}cb(!1); }} var _____WB$wombat$assign$function_____ = function(name) {return (self._wb_wombat && self._wb_wombat.local_init && self._wb_wombat.local_init(name)) || self[name]; }; if (!self.__WB_pmw) { self.__WB_pmw = function(obj) { this.__WB_source = obj; return this; } } { let window = _____WB$wombat$assign$function_____("window"); let self = _____WB$wombat$assign$function_____("self"); let document = _____WB$wombat$assign$function_____("document"); let location = _____WB$wombat$assign$function_____("location"); let top = _____WB$wombat$assign$function_____("top"); let parent = _____WB$wombat$assign$function_____("parent"); let frames = _____WB$wombat$assign$function_____("frames"); let opener = _____WB$wombat$assign$function_____("opener"); { !function(a,b){if(!a.rdt){var c=a.rdt=function(){c.sendEvent?c.sendEvent.apply(c,arguments):c.callQueue.push(arguments)};c.callQueue=[];a=b.createElement("script");a.src="https://www.redditstatic.com/ads/pixel.js";a.async=!0;b=b.getElementsByTagName("script")[0];b.parentNode.insertBefore(a,b)}}(window,document);rdt("init","t2_1095cgk5");rdt("track","PageVisit"); }} var _____WB$wombat$assign$function_____ = function(name) {return (self._wb_wombat && self._wb_wombat.local_init && self._wb_wombat.local_init(name)) || self[name]; }; if (!self.__WB_pmw) { self.__WB_pmw = function(obj) { this.__WB_source = obj; return this; } } { let window = _____WB$wombat$assign$function_____("window"); let self = _____WB$wombat$assign$function_____("self"); let document = _____WB$wombat$assign$function_____("document"); let location = _____WB$wombat$assign$function_____("location"); let top = _____WB$wombat$assign$function_____("top"); let parent = _____WB$wombat$assign$function_____("parent"); let frames = _____WB$wombat$assign$function_____("frames"); let opener = _____WB$wombat$assign$function_____("opener"); { !function(d,e,f,a,b,c){d.qp||(a=d.qp=function(){a.qp?a.qp.apply(a,arguments):a.queue.push(arguments)},a.queue=[],b=document.createElement(e),b.async=!0,b.src=f,c=document.getElementsByTagName(e)[0],c.parentNode.insertBefore(b,c))}(window,"script","https://a.quora.com/qevents.js");qp("init","546596e768e74822a47e1fae12063d1a");qp("track","PageView"); }} <img height="1" width="1" style="display:none" src="https://viahtml.hypothes.is/proxy/im_/https://q.quora.com/_/ad/546596e768e74822a47e1fae12063d1a/pixel?tag=ViewContent&amp;noscript=1"> var _____WB$wombat$assign$function_____ = function(name) {return (self._wb_wombat && self._wb_wombat.local_init && self._wb_wombat.local_init(name)) || self[name]; }; if (!self.__WB_pmw) { self.__WB_pmw = function(obj) { this.__WB_source = obj; return this; } } { let window = _____WB$wombat$assign$function_____("window"); let self = _____WB$wombat$assign$function_____("self"); let document = _____WB$wombat$assign$function_____("document"); let location = _____WB$wombat$assign$function_____("location"); let top = _____WB$wombat$assign$function_____("top"); let parent = _____WB$wombat$assign$function_____("parent"); let frames = _____WB$wombat$assign$function_____("frames"); let opener = _____WB$wombat$assign$function_____("opener"); { !function(a,b){if(!a.rdt){var c=a.rdt=function(){c.sendEvent?c.sendEvent.apply(c,arguments):c.callQueue.push(arguments)};c.callQueue=[];a=b.createElement("script");a.src="https://www.redditstatic.com/ads/pixel.js";a.async=!0;b=b.getElementsByTagName("script")[0];b.parentNode.insertBefore(a,b)}}(window,document);rdt("init","t2_1095cgk5");rdt("track","ViewContent"); }} var _____WB$wombat$assign$function_____ = function(name) {return (self._wb_wombat && self._wb_wombat.local_init && self._wb_wombat.local_init(name)) || self[name]; }; if (!self.__WB_pmw) { self.__WB_pmw = function(obj) { this.__WB_source = obj; return this; } } { let window = _____WB$wombat$assign$function_____("window"); let self = _____WB$wombat$assign$function_____("self"); let document = _____WB$wombat$assign$function_____("document"); let location = _____WB$wombat$assign$function_____("location"); let top = _____WB$wombat$assign$function_____("top"); let parent = _____WB$wombat$assign$function_____("parent"); let frames = _____WB$wombat$assign$function_____("frames"); let opener = _____WB$wombat$assign$function_____("opener"); { !function(d,e,f,a,b,c){d.qp||(a=d.qp=function(){a.qp?a.qp.apply(a,arguments):a.queue.push(arguments)},a.queue=[],b=document.createElement(e),b.async=!0,b.src=f,c=document.getElementsByTagName(e)[0],c.parentNode.insertBefore(b,c))}(window,"script","https://a.quora.com/qevents.js");qp("init","546596e768e74822a47e1fae12063d1a");qp("track","ViewContent"); }} <img height="1" width="1" style="display:none" src="https://viahtml.hypothes.is/proxy/im_/https://q.quora.com/_/ad/546596e768e74822a47e1fae12063d1a/pixel?tag=ViewContent&amp;noscript=1"> var _____WB$wombat$assign$function_____ = function(name) {return (self._wb_wombat && self._wb_wombat.local_init && self._wb_wombat.local_init(name)) || self[name]; }; if (!self.__WB_pmw) { self.__WB_pmw = function(obj) { this.__WB_source = obj; return this; } } { let window = _____WB$wombat$assign$function_____("window"); let self = _____WB$wombat$assign$function_____("self"); let document = _____WB$wombat$assign$function_____("document"); let location = _____WB$wombat$assign$function_____("location"); let top = _____WB$wombat$assign$function_____("top"); let parent = _____WB$wombat$assign$function_____("parent"); let frames = _____WB$wombat$assign$function_____("frames"); let opener = _____WB$wombat$assign$function_____("opener"); { window.liQ=window.liQ||[];window.liQ.push({event:"viewContent",contentType:"Product"}); }} var _____WB$wombat$assign$function_____ = function(name) {return (self._wb_wombat && self._wb_wombat.local_init && self._wb_wombat.local_init(name)) || self[name]; }; if (!self.__WB_pmw) { self.__WB_pmw = function(obj) { this.__WB_source = obj; return this; } } { let window = _____WB$wombat$assign$function_____("window"); let self = _____WB$wombat$assign$function_____("self"); let document = _____WB$wombat$assign$function_____("document"); let location = _____WB$wombat$assign$function_____("location"); let top = _____WB$wombat$assign$function_____("top"); let parent = _____WB$wombat$assign$function_____("parent"); let frames = _____WB$wombat$assign$function_____("frames"); let opener = _____WB$wombat$assign$function_____("opener"); { var __nspid="grdq0w",__nsptags=[];(function(a,c){var d=function(){var b=c.createElement("script");b.type="text/javascript";b.async=!0;b.src="http"+("https:"===c.location.protocol?"s://cs":"://c")+".ns1p.net/p.js?a\x3d"+__nspid;c.body.appendChild(b)};a.addEventListener?a.addEventListener("load",d,!1):a.attachEvent?a.attachEvent("onload",d):a.onload=d})(window,document); }} var _____WB$wombat$assign$function_____ = function(name) {return (self._wb_wombat && self._wb_wombat.local_init && self._wb_wombat.local_init(name)) || self[name]; }; if (!self.__WB_pmw) { self.__WB_pmw = function(obj) { this.__WB_source = obj; return this; } } { let window = _____WB$wombat$assign$function_____("window"); let self = _____WB$wombat$assign$function_____("self"); let document = _____WB$wombat$assign$function_____("document"); let location = _____WB$wombat$assign$function_____("location"); let top = _____WB$wombat$assign$function_____("top"); let parent = _____WB$wombat$assign$function_____("parent"); let frames = _____WB$wombat$assign$function_____("frames"); let opener = _____WB$wombat$assign$function_____("opener"); { (function(a,b,d){if(!a.snaptr){var c=a.snaptr=function(){c.handleRequest?c.handleRequest.apply(c,arguments):c.queue.push(arguments)};c.queue=[];a="script";r=b.createElement(a);r.async=!0;r.src=d;b=b.getElementsByTagName(a)[0];b.parentNode.insertBefore(r,b)}})(window,document,"https://sc-static.net/scevent.min.js");snaptr("init","a3122455-b81e-4771-b727-9863f4dd20d6",{user_email:""});snaptr("track","PAGE_VIEW"); }} var _____WB$wombat$assign$function_____ = function(name) {return (self._wb_wombat && self._wb_wombat.local_init && self._wb_wombat.local_init(name)) || self[name]; }; if (!self.__WB_pmw) { self.__WB_pmw = function(obj) { this.__WB_source = obj; return this; } } { let window = _____WB$wombat$assign$function_____("window"); let self = _____WB$wombat$assign$function_____("self"); let document = _____WB$wombat$assign$function_____("document"); let location = _____WB$wombat$assign$function_____("location"); let top = _____WB$wombat$assign$function_____("top"); let parent = _____WB$wombat$assign$function_____("parent"); let frames = _____WB$wombat$assign$function_____("frames"); let opener = _____WB$wombat$assign$function_____("opener"); { (function(a,b,e){if(!a.snaptr){var c=a.snaptr=function(){c.handleRequest?c.handleRequest.apply(c,arguments):c.queue.push(arguments)};c.queue=[];var d="script";a=b.createElement(d);a.async=!0;a.src=e;b=b.getElementsByTagName(d)[0];b.parentNode.insertBefore(a,b)}})(window,document,"https://sc-static.net/scevent.min.js");snaptr("init","a3122455-b81e-4771-b727-9863f4dd20d6",{user_email:""});snaptr("track","VIEW_CONTENT"); }} var _____WB$wombat$assign$function_____ = function(name) {return (self._wb_wombat && self._wb_wombat.local_init && self._wb_wombat.local_init(name)) || self[name]; }; if (!self.__WB_pmw) { self.__WB_pmw = function(obj) { this.__WB_source = obj; return this; } } { let window = _____WB$wombat$assign$function_____("window"); let self = _____WB$wombat$assign$function_____("self"); let document = _____WB$wombat$assign$function_____("document"); let location = _____WB$wombat$assign$function_____("location"); let top = _____WB$wombat$assign$function_____("top"); let parent = _____WB$wombat$assign$function_____("parent"); let frames = _____WB$wombat$assign$function_____("frames"); let opener = _____WB$wombat$assign$function_____("opener"); { !function(a,e,f,k,h,g,c,b,d){a.AppsFlyerSdkObject=h;a.AF=a.AF||function(){(a.AF.q=a.AF.q||[]).push([Date.now()].concat(Array.prototype.slice.call(arguments)))};a.AF.id=a.AF.id||c;a.AF.plugins={};b=e.createElement(f);d=e.getElementsByTagName(f)[0];b.async=1;b.src="https://websdk.appsflyer.com?"+(0<g.length?"st\x3d"+g.split(",").sort().join(",")+"\x26":"")+(0<c.length?"af_id\x3d"+c:"");d.parentNode.insertBefore(b,d)}(window,document,"script",0,"AF","pba,banners",{pba:{webAppId:"1cfcf625-e923-4494-a876-4b28f5086046"}, banners:{key:"63dbce54-a34f-4323-a052-5f4e03364ea8"}});AF("banners","showBanner"); }}var locale=navigator.userLanguage||navigator.languages&&navigator.languages.length&&navigator.languages[0]||navigator.language||navigator.browserLanguage||navigator.systemLanguage||"en";AF("pba","event",{eventType:"EVENT",eventName:"af_Content_View",eventValue:{af_content:google_tag_manager["GTM-MNTH5N"].macro(102),af_content_type:google_tag_manager["GTM-MNTH5N"].macro(103),af_author:google_tag_manager["GTM-MNTH5N"].macro(104),af_franchise:google_tag_manager["GTM-MNTH5N"].macro(105),af_subbrand:google_tag_manager["GTM-MNTH5N"].macro(106),af_content_id:google_tag_manager["GTM-MNTH5N"].macro(107),language:locale}}); fbq("trackSingle","227995338998622","ViewContent",{content:google_tag_manager["GTM-MNTH5N"].macro(108),content_type:google_tag_manager["GTM-MNTH5N"].macro(109),author:google_tag_manager["GTM-MNTH5N"].macro(110),franchise:google_tag_manager["GTM-MNTH5N"].macro(111),subbrand:google_tag_manager["GTM-MNTH5N"].macro(112),content_id:google_tag_manager["GTM-MNTH5N"].macro(113),language:locale}); sessionStorage.setItem("my_ip",google_tag_manager["GTM-MNTH5N"].macro(149));Register to read more. Already

Mono

am is … this guy and that Wikipedia