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Noba Bank block trade is first from 2025's IPO crop
Barrick confirms plans to spin off its North American gold assets
Commodities trader halves its stake for £132m after shares soar
BMW heiress Susanne Klatten exits turbine maker
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Nippon Steel & Sumitomo Metal Corp pared down some of its stake in Korean steelmaker Posco via an overnight offering on Wednesday, netting W164.17bn ($139.68m) from the hedge fund-heavy trade. -
Amid a hail of equity capital markets deals on Thursday evening, Airbus launched a €2.1bn sale of all its remaining shares in Dassault Aviation, using a €1bn exchangeable bond and block trade of about €800m. That came after Valeo had sold a $450m equity-neutral convertible earlier in the day, and as two other block trades were in the market.
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Shares in Erste Bank and Euskaltel closed nearly 4% lower on Wednesday after two block trades were executed in their shares on Tuesday evening.
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In a rare liquidity event for one of Pakistan’s blue chip conglomerates, Engro Corp sold down some of its stake in Engro Fertilizer on Tuesday, raising Prp19.31bn ($185m) from the accelerated share sale.
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On the face of it, last week was a glorious time for Asia’s equity capital markets. Volumes got a huge leg up thanks to a $5.5bn bond exchangeable into Alibaba Group Holdings shares while stockholders jumped at the opportunity to sell overnight blocks. But look under the hood and this spurt of activity changes little.
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Pakistan’s Engro Corp is selling down its stake in Engro Fertilizers worth some Prp22.04bn ($210m) in a private bookbuilding exercise with local and international investors, said a source close to the trade.
