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Phoenix Group to buy ReAssure for £3.2bn
Phoenix Group Holdings, the UK life insurer, has stuck a deal to acquire ReAssure, the UK closed book life insurance division of Swiss Re, for £3.2bn in cash and shares.
06 Dec 2019 -
GDS nets $250m from primary share sale
GDS Holdings raised $250m from a follow-on offering of new shares on Thursday, according to a term sheet seen by GlobalCapital Asia.
06 Dec 2019 -
Juventus shares begin trading ex-rights
Shares in Italian football club Juventus FC have started to trade ex-rights this week ahead of its €300m rights issue, which is expected to price before Christmas to give the club more firepower in the January transfer window.
04 Dec 2019 -
Investors rush to RBL's Rp20bn placement
RBL Bank’s qualified institutional placement (QIP) was multiple times covered within hours of launching on Tuesday in India, said a source familiar with the matter.
03 Dec 2019 -
Brait raises £150m from CB investors in first leg of restructuring
Brait, the troubled South African investment company, managed to issue a £150m five year convertible bond on Wednesday, an essential piece of its restructuring plan, which includes a new strategy, a recapitalisation, including a rights issue, to repay debt and the sale of two UK assets.
29 Nov 2019 -
SPH Reit wraps up S$162m share placement
SPH Real Estate Investment Trust has bagged S$161.5m ($118.4m) after issuing a chunk of new stock.
25 Nov 2019 -
GSX Techedu secondary follow-on nets $252m
A shareholder group in Chinese education technology firm GSX Techedu have bagged $252m after selling a chunk of its US-listed stock.
22 Nov 2019 -
Shree Cement wins Sebi nod for up to Rp30bn QIP
India’s third largest cement maker Shree Cement is one step closer to a qualified institutional placement (QIP) after getting the go-ahead from the securities regulator.
20 Nov 2019 -
GSX Techedu shareholders eye $250m from ADS follow-on
A group of shareholders in GSX Techedu has launched a follow-on offering of the Chinese education technology firm’s US-listed stock.
19 Nov 2019 -
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Niel’s new way to buy big stake in Iliad startles market
Xavier Niel, the founder and controlling shareholder of Iliad, the French telecoms company, is using an innovative technique to enlarge his stake, while avoiding the usual requirement to make a public offer to buy the whole company. Some bankers think it could be a clever new option for company owners — others doubt it can be used widely. Sam Kerr and Jon Hay report.
14 Nov 2019
