Grindrod completes $250m deal with Remgro tie-up

South African investment company Remgro took a 19.3% stake in Grindrod, the country’s biggest shipping firm, through a R2bn ($250m) rights issue and by buying more shares on the open market, the firms revealed on Tuesday.

  • 01 Nov 2011

The deal, to fund capital expenditure, was structured with Remgro fully underwriting a 28.6-for-100 rights issue of 133.3m new shares priced at R15 each, a premium of 8.8% to the 30-day volume weighted average price.

Grindrod family shareholders — holding 18% — were not taking up their rights, ...

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Jan 2017
1 Citi 22,118.13 61 9.00%
2 Barclays 20,987.41 55 8.54%
3 JPMorgan 17,406.75 53 7.08%
4 HSBC 16,333.52 48 6.64%
5 Goldman Sachs 15,454.74 49 6.29%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Commerzbank Group 114.00 1 66.16%
2 CaixaBank 37.05 1 21.50%
3 UniCredit 10.62 1 6.17%
3 BNP Paribas 10.62 1 6.17%
Subtotal 172.30 3 100.00%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 SG Corporate & Investment Banking 770.06 2 16.80%
2 Goldman Sachs 656.16 2 14.32%
3 JPMorgan 527.28 4 11.50%
4 Emirates NBD PJSC 408.38 1 8.91%
5 Deutsche Bank 321.53 3 7.01%