Equity

Latest news

• Abengoa pays soft end of range on $279m CB, bond trades up

  Abengoa, the Spanish engineering, construction and concessions company, made a further step in rehabilitating its capital markets profile this week, by issuing a $279m exchangeable bond, into shares of its affiliate Abengoa Yield.

  • 27 Feb 2015

• Bankia to pay up to €312m in IPO compensation

  

  Bankia, the Spanish banking conglomerate formed in 2010, said today it would pay up to €312m as compensation to investors in its ill-fated Madrid listing.

  • 27 Feb 2015

• Italy privatises €2.2bn of Enel: leads left long but comfortable

  

  The Italian state sold a 5.74% stake in power company Enel through a €2.2bn block trade over Wednesday night. It was very punchily underwritten and the leads were left long - but said they were happy.

  • 26 Feb 2015

• Block action with Saga, Acerinox, no Danske

  

  Equity block trade bankers’ hearts may have leapt on reading Wednesday’s headline that AP Møller-Mærsk was planning to sell its 20.05% stake in Danske Bank, worth about €4.8bn at today’s share price.

  • 26 Feb 2015

• Italy’s OVS prices flotation at bottom of range, but satisfied with book quality

  

  OVS, the Italian clothing retailer, on Wednesday night priced and allocated its €414m Milan IPO, after a slight delay, giving it a valuation of about €931m.

  • 26 Feb 2015

• New peer-to-peer lending IPO seeks £200m in London

  

  A second investment vehicle focused on peer-to-peer lending will attempt to list in London in the coming weeks, as Victory Park Capital Advisors, a fund manager, launched a £200m IPO.

  • 25 Feb 2015

• Abengoa brings $300m exchangeable to cut debt

  

  Abengoa, the Spanish engineering, construction and concessions company, is making a fresh move to cut its debt by reducing its shareholding in Abengoa Yield from 51% to 40%.

  • 25 Feb 2015

• Wizz Air finds success in deal reboot

  

  Wizz Air, the Hungarian budget airline, traded up on Wednesday as it entered the London Stock Exchange following its second, and this time successful, IPO attempt.

  • 25 Feb 2015

• Aldermore launches London listing at lower valuation than previous attempt

  

  Aldermore is expected to settle for a lower valuation than it had previously hoped for, as the UK challenger bank seeks to list in London next month.

  • 24 Feb 2015

• PAI sells almost all its Atos shares for €582m

  

  PAI Partners has sold nearly all its shares in Atos, the French IT services and outsourcing company, though it has kept a 0.3% stake because it believes there is still upside in the stock.

  • 24 Feb 2015

• Novo seeks €400m price for NNIT float

  

  The bookbuild and management roadshow for the IPO of software firm NNIT began on Tuesday. Novo Nordisk, the healthcare company, is divesting the business through a listing in Copenhagen.

  • 24 Feb 2015

• Last block of Inmarsat sold for £183m, shares recover well

  

  Inmarsat’s freefloat is now roughly 100%, after KDDI, a Japanese telecoms company, sold its 4.85% stake in a block trade via Nomura on Monday night.

  • 24 Feb 2015

• First look at Lloyds dribble-out hints it could reach 3% by June

  

  The UK government’s “dribble-out” trading plan to sell shares in Lloyds Bank has achieved £500m of sales, or 1% of the company, Chancellor of the Exchequer George Osborne said on Monday.

  • 23 Feb 2015

• ABN Amro readies IPO, awaits finance ministry nod

  

  ABN Amro today said it was on track with plans for its public listing, ahead of a highly anticipated decision on its future from the Dutch finance ministry.

  • 20 Feb 2015

• BAML hires equity-linked originator from Deutsche

  

  Bank of America Merrill Lynch is hiring an equity-linked debt banker from Deutsche Bank.

  • 20 Feb 2015

• Hopes rise for IPOs of financial firms, with NSF, Pfandbriefbank

  

  Non-Standard Finance, a UK special purpose vehicle set up to acquire consumer finance businesses, was on Thursday admitted to trade on the London Stock Exchange, raising £102m.

  • 19 Feb 2015