Record Healthineers block leads equity deal rush

Sam Kerr

September 03, 2020 12:15 pm

Siemens_healthineers_building_PA_575x375_Sep3 — 05 October 2018, Bavaria, Erlangen: External view of the logo at the new headquarters of the medical technology company Siemens Healthineers. The new headquarters for around 1000 employees at the old location was officially opened with a ceremony. Photo: Daniel Karmann/dpa | Daniel Karmann/DPA/PA Images

Siemens Healthineers, the German healthcare tech company, has sold €2.73bn of new stock in the largest block trade 2020 has seen so far to partly finance its $16.4bn acquisition of US cancer care solutions firm Varian. The consensus among ECM bankers is that it will be vital to execute transactions during the next few weeks, before a tempestuous US election and possible rises in Covid-19 cases spoil the party, write Sam Kerr and Aidan Gregory.

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Topics

Germany Health and Biotech Equity ABBs-Block Trades Europe EMEA SRI

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Sam Kerr