ABBs/Block Trades - All Articles

  • Gold One braves market storm to sell Sibanye Gold stock

    Two block trades in Europe this week have shown that there is still a reasonable bid for some stocks, even during a global equity market meltdown, when many transactions have simply been called off.

    • 28 Feb 2020
  • EDP block multiple times covered despite virus sell-off

    China Three Gorges Corp, the Chinese state-owned power company, has successfully offloaded €292m of stock in Portuguese energy firm Energias de Portugal, despite four straight days of heavy losses in European equity markets, due to the spread of the Covid-19 coronavirus across the continent.

    • 27 Feb 2020
  • Coronavirus correction keeps block trades at bay

    It has been an appalling week for stock markets as fears over the coronavirus outbreak gripped investors. Tumbling share prices mean many sellers of equity capital markets deals, particularly of large, liquid block trades, are set to stay away from the market, given the damage done to their holdings.

    • 27 Feb 2020
  • Hipgnosis mulls new share sale after acquiring Cher hits

    Hipgnosis Songs Fund Ltd, the London-listed fund that invests in music royalties, is considering another equity capital raising to finance its investment pipeline, only four months after it last raised £231m ($297.45m). In January, the fund acquired an extensive song catalogue, including 'Believe' by Cher.

    • 26 Feb 2020
  • Pandemic fears rock equities, make new issuance difficult

    Heavy losses on European stock markets on Monday monring, in reaction to the spread of the Covid-19 coronavirus, have cast a cloud over what had been expected to be a busy week for new transactions in the equity capital markets.

    • 24 Feb 2020
  • Co-founders sell 'niche' Transaction Capital stock

    The three founders of Transaction Capital, the South African financial services firm, have sold down R1.62bn ($108m) of stock via an accelerated bookbuild.

    • 19 Feb 2020
  • Promoters launch Rp30bn sell-down in Avenue Supermarts

    Avenue Supermarts' founder Radhakishan Damani and his family members are looking to raise Rp30.3bn ($424.7m) from a secondary share sale, following an issue of new stock by the company last week.

    • 17 Feb 2020
  • Investors pile into Just Eat block

    A pre-IPO investor in Just Eat, the UK takeaway delivery service, has sold a chunk of its stake in the company via an accelerated bookbuild led by UBS. The sale follows Just Eat's takeover by Dutch rival

    • 14 Feb 2020
  • Gold Fields rides higher gold prices to raise R3.7bn for new mine

    South African gold mining company Gold Fields Ltd has raised R3.7bn ($252m) of fresh capital to fund the construction of a new mine in Chile.

    • 13 Feb 2020
  • Bank of America books paper loss on Sampo block

    Bank of America made a paper loss on a €455.4m block trade of shares in Sampo, the Finnish financial services group, on Tuesday night.

    • 12 Feb 2020
  • ECM returns defy risks to keep up demand

    The returns on EMEA equity capital market supply are proving so buoyant this year that investors are braying for more, despite risks posed by crises such as the coronavirus outbreak.

    • 12 Feb 2020
  • Prime US Reit launches $100m placement

    Singapore-listed Prime US Real Estate Investment Trust (Reit) is looking to raise at least $100m from the placement of new units to equity investors.

    • 12 Feb 2020
  • Energy efficiency fund could use ECM in 2020 to finance growth

    SDCL Energy Efficiency Income Trust (SEEIT), the London-listed investment trust that focuses on investment in energy efficiency, is targeting ambitious growth in 2020. Its CEO talks GlobalCapital through its plans.

    • 11 Feb 2020
  • Peter Hargreaves offloads Hargreaves Lansdown shares

    UK billionaire Peter Hargreaves has sold £550m of stock in Hargreaves Lansdown, the UK financial services company he co-founded, via a block trade that was increased to satisfy a huge demand.

    • 07 Feb 2020
  • ECM investors buck coronavirus fears to binge on blocks

    EMEA equity capital markets roared back into life this week, as fears over a potential coronavirus pandemic abated to allow the blocks market to reopen in size. A huge slug of supply on Monday evening that traded up left investors hungry for more, report Sam Kerr and Aidan Gregory.

    • 06 Feb 2020
  • UniCredit surges after 2019 results, Yapi Kredi sale

    Shares in UniCredit, Italy’s largest bank by assets, closed 8.1% higher on Thursday after the bank cut its stake in Turkey’s Yapi Kredi, while announcing a dividend increase and a share buy-back.

    • 06 Feb 2020
  • Caution over Turkish revival despite Yapi Kredi block

    Investors warmly welcomed a TL2.6bn ($440m) block trade in Turkish bank Yapi Kredi on Wednesday night. But market participants are yet to be convinced that the country’s equity capital markets are fully reopened.

    • 06 Feb 2020
  • EMEA blocks market back on fire after ‘amazing’ $4.7bn night

    Three substantial block trades re-opened the EMEA blocks market with a bang on Monday. The deals in French payments company Worldline, London-listed airline Wizz Air and Swiss testing laboratories company SGS totalled about $4.7bn equivalent and showed that equity capital markets have largely recovered from fears over the spread of coronavirus, which weighed on issuance volumes last week.

    • 04 Feb 2020
  • Atos cuts Wordline stake via €1.47bn block

    Atos has sold most of its remaining shares in Wordline, the French payments company, via an accelerated bookbuild.

    • 04 Feb 2020
  • ECM ready to get back to work after virus hiatus

    Equity capital markets bankers and investors are looking get stuck into deals after a quiet period last week as markets reacted to the spread of a virulent strain of coronavirus emanating from China.

    • 03 Feb 2020