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Shipbuilder's shares fall 10% after capital raise
Italian shipbuilder is expanding capacity on strong defence demand
Deal priced at 1% premium to Monday's close
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Citigroup sold a 4.17% stake in Abengoa’s class ‘B’ shares in an accelerated bookbuild on Thursday night, for €97.6m.
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Cement maker and importer TCC International Holdings has wrapped up its HK$3.63bn ($468.23m) rights issue in style, with the deal oversubscribed by nearly 16%.
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CVC Capital Partners took another swift step towards its exit of Evonik Industries on Monday night, pouncing after the German chemical company’s shares had hit an all time high to sell a block of shares for €519m, in a deal that was increased.
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Block trades made a tentative return to the European equity capital market this week, though bankers had said on Monday that they did not think deals were likely.
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Singaporean chipmaker Stats ChipPac has moved one step closer to restructuring its debt as it prepares for a takeover by Jiangsu Changjiang Electronics Technology (JCET). And a $500m syndicated loan arranged by Barclays, DBS and ING is on the cards as part of the acquisition.
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Nomad Foods, the renamed cash shell Nomad Holdings that has bought Iglo Birds Eye, raised around $321m of new equity on Wednesday in an accelerated bookbuild.