Inoxum heads for trade sale but mood brightens
ThyssenKrupp was on Monday linked to a merger of its stainless steel business with Finland’s Outokumpu in a deal which could scratch out one potential 2012 IPO. However, ECM pipelines remain strong and bankers say they are increasingly confident that the market rally will bring deals sooner rather than later, confidence fed by RusPetro’s £163m listing last week.
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