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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
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Air France KLM sold its last remaining shares in Amadeus IT Holding on Thursday evening, at a price very close to a record high for the stock.
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The failure of the Chung family to divest some of its holdings in Hyundai Glovis this week has brought the restructurings of many South Korean family-owned conglomerates into the spotlight. The pressure on these businesses to simplify their cross-shareholdings has raised expectations of more ECM activity this year. But the negative precedent set by Hyundai has also ignited fears that investors will now view these transactions with more caution, write Rashmi Kumar and John Loh. -
Three shareholders in Luye Pharma Group have raised a collective HK$775.6m ($100m) by selling some of their shares in the company, which made its debut on the Hong Kong Stock Exchange in July last year. Books for the block only remained open for an hour, but that was long enough for the deal to be multiple times covered despite the stock being offered at a very tight discount.
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Philippine real estate company Ayala Land raised Ps16bn ($356.2m) through a top-up placement of shares on the evening of January 9, in what was the first large Asian block trade of the year. Driven by reverse enquiry, the deal saw strong demand from the market soon after books opened, with shares holding up well in secondary.
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Europe’s equity capital markets are back in force this week, as a string of companies have launched IPOs after a successfully placed, record-breaking €7.5bn block trade from Santander last Thursday.
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India’s divestment unit has told the three banks shortlisted for the offer for sale of manganese producer Moil to make their pitches on Thursday.
