All material subject to strictly enforced copyright laws. © 2022 Euromoney Institutional Investor PLC group

Politics scuppers Loterias IPO bid

The Spanish government called off the €7bn IPO of Loterias late on Wednesday, blaming market conditions after two days of heavy political attacks on the deal. The decision deflated and angered bankers who had hoped for at least one high profile deal before the end of the year with the investor education process proving that appetite existed despite the large size and difficult markets.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Take a Free Trial or Login
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree