Solidium gets €1bn from combo TeliaSonera sale
Finland’s state-owned holding company Solidium on Tuesday turned to the tried-and-tested combined ABB and exchangeable bond formula to raise €1.05bn from a holding in TeliaSonera.
The structure — unused in recent years but replicated on Wednesday when South Africa’s Shoprite Holdings launched a $1bn primary ABO and convertible — allowed Solidium to tap two separate investor bases while sending a positive message about its large residual holding and minimising the size of the
...
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: subs@globalcapital.com
Or sign up for a trial to gain full access to the entire site for a limited period.
Corporate access
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.
