More primary ECM deals ahead despite nearing year-end

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By Sam Kerr
26 Nov 2020

Equity bankers have predicted a strong end to 2020 for primary issuance as more companies seek to raise capital to take advantage of bullish market conditions in preparation for 2021.

Two rights issues will close next week — a €940m offer from Kion Group, the German industrial truck maker, and a €2bn cash call from French train manufacturer Alstom, funding the acquisition of the train division of Bombardier.

Both Kion and Alstrom are the kind of stocks that ...

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