ABBs/Block Trades - All Articles

  • India eyes $673m from HAL stake sale

    The Indian government is offloading an up-to 10% stake in Hindustan Aeronautics that could add about Rp33.5bn ($451m) to its coffers.

    • 27 Aug 2020
  • German ECM rides high into autumn

    German equity capital markets are set for a strong finish to the year as German companies use the momentum of the DAX to raise capital to finance growth or fund restructuring efforts during the pandemic.

    • 26 Aug 2020
  • Hectic August breaks summertime ECM issuance record

    This month has been the busiest August ever for equity capital markets issuance in EMEA, as dealmaking has powered on through the traditional lull. Market sources expect a very busy September, too.

    • 25 Aug 2020
  • Airline share sales to continue as crisis drags on

    A staggering amount of capital has been raised by the world’s airlines so far this year as the industry has suffered its worst crisis since 9/11 as a result of the Covid-19 pandemic.

    • 24 Aug 2020
  • Software firm Kingdee nets HK$2.4bn from placement

    Kingdee International Software Group has raised HK$2.38bn ($306.5m) from an overnight placement of new stock.

    • 21 Aug 2020
  • Billionaire Adyen co-founders sell stock

    Adyen’s senior managers, including its billionaire co-founders, have sold €693m of shares in the Dutch payments company after it declared strong first half results on Thursday.

    • 21 Aug 2020
  • Banks tee up new wave of primary ABOs as stocks hold

    Despite a slowdown in the pace of new issuance this month, a strong appetite for share sales by European companies remains — particularly those from sectors benefitting from the pandemic, such as healthcare, technology and renewables.

    • 20 Aug 2020
  • ADM bags $850m from Wilmar block, EB combo

    US food and commodities firm Archer-Daniels-Midland Co has tapped the equity capital markets for the first time in more than a decade, using a concurrent block of Wilmar International shares and an exchangeable bond — with the same underlying stock — to raise $850m. Jonathan Breen reports.

    • 20 Aug 2020
  • Cellink taps into healthcare demand with $109m share sale

    Shares in Cellink, the Swedish maker of 3D printing equipment for the life sciences industry, rose more than 4% on Thursday morning after the company completed a Skr946m ($109.2m) growth capital raising, amid strong investor appetite for exposure to the healthcare sector due to the global Covid-19 pandemic.

    • 20 Aug 2020
  • RWE raises €2bn to fund renewables transition

    German electricity company RWE has sold €2bn of stock to fund its long term ambition to grow its renewable energy capacity, via one of the largest block trades this year.

    • 19 Aug 2020
  • Mahindra Financial Services seals Rp31bn rights issue

    Mahindra and Mahindra Financial Services has raised Rp30.9bn ($412.4m) after wrapping up an oversubscribed rights issue.

    • 17 Aug 2020
  • EQT offloads Musti Group shares for €118m

    Private equity firms EQT Partners and Vaaka Partners have offloaded €118.5m of stock in Musti Group, the Finland-based pet store, in an otherwise barren week for block trades in EMEA.

    • 13 Aug 2020
  • Dividend cuts creating ECM opportunity

    The huge swathe of dividend cuts UK companies have made because of lockdown has created an opportunity, to issue equity capital, for those that have not stopped returning money to their owners.

    • 11 Aug 2020
  • i3 Energy announces £30m share sale to fund reverse takeover

    Aim-listed oil and gas producer i3 Energy has announced a £30m fundraising to finance its reverse takeover of Canadian firm Gain Energy’s petroleum and infrastructure assets.

    • 07 Aug 2020
  • Hipgnosis buys Blondie catalogues after £236m share sale

    Hipgnosis Songs Fund, the London-listed investment fund focused on music catalogues, has used £236m of growth capital raised last month to purchase athe rights to songs by Blondie.

    • 05 Aug 2020
  • Secondary blocks market reopens with big Swiss trades

    European equity capital markets investors had a big night of secondary blocks to look at on Monday, with two large Swiss trades which totalled around Sfr1bn ($1.09bn) of volume combined. The transactions showed that there is still a market for block trades in large, liquid stocks with recent ECM pedigree.

    • 04 Aug 2020