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Deal multiple times oversubscribed as investors buy into electrification and AI story
Shareholders sell down holdings in AutoStore and Orsted, as shipping company opens books ahead of Athens parallel listing
Deeply discounted financing allows embattled iron ore miner to restart Ukrainian production and shares to resume trading
International investors take most of the book for the first time as Zabłocki's investment firm says it expects to make no further sales
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On Thursday night the French government sold a 4.7% stake in Renault, the car maker, via an accelerated bookbuild that was priced without any discount, thanks largely to its removal of an overhang. The stock leapt on Friday.
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Two Apollo Credit funds and a division of Cerberus Capital Management sold £61m of shares in UK bookmaker Ladbrokes Coral via an accelerated bookbuild run by Morgan Stanley on Wednesday night.
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India’s Mahindra & Mahindra Financial Services has hired four banks to manage a Rp10bn ($155m) primary capital increase this year, sources close to the matter said.
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An overnight equity block trade in Malaysia’s Sapura Energy bagged MR859.1m ($203.7m), enabling the vendor to sell the last of its stake.
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A shareholder in Malaysia’s Sapura Energy is looking to exit from the company with a sell down that could raise as much as MR901.5m ($212.9m).
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On Monday night, Dmitry Grishin, the Russian entrepreneur, sold a chunk of his stake in Mail.ru Group, the internet services company he co-founded, via an accelerated bookbuild led by Goldman Sachs on the back of reverse enquiries from investors.