Three bookbuilds place Eu2.6bn stakes in Allianz, Atos and TNT as markets leap

14 Jul 2005

The European equity capital market was in bullish mood this week, as all the main indices climbed and three large blocks of shares, worth a total of Eu2.56bn, were sold in surprise accelerated bookbuilds.

The sales of shares in Atos Origin, the French IT company; Dutch logistics group TNT and German insurer Allianz sent a clear signal that last Thursday's terrorist bombings in London, which killed at least 49 people, have had little effect on valuations or investor demand.

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