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Shipping company issues new shares as it raises stake in peer to roughly a fifth
Investors want more mid-cap deals and wider variety of sectors
Cornerstone investors commit roughly €170m as company aims to raise €300m
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Public equity investors lag behind private funds in owning renewable power assets and are missing an opportunity to get in early on Europe’s next big infrastructure asset class, according to Sébastien Clerc, chief executive of French independent power producer Voltalia.
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Orange, the French telecommunications company, has sold the rest of its shares in BT Group, its UK rival, for £486m.
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Shares in Airtel Africa are down at 68.5p on their first day of trading in London, over 14% below the IPO price of 80p a share, while VW’s truck division Traton is down almost 2% on its first day in Frankfurt.
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China’s Jinshang Bank kicked off its HK$3.42bn ($438m) Hong Kong IPO on strong footing on Friday, with the book well covered ahead of launch.
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Three new companies have set their sights on listing in Hong Kong, filing draft IPO documents with the exchange.
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CK Hutchison Holdings is paring down its stake in Hutchison China MediTech (Chi-Med) through a placement after the biopharmaceutical company put its planned Hong Kong IPO on the back burner.
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