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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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Philippine property developer Belle Corp started holding meetings with investors this week to divest some of its shares in Sinophil Corp, which has been renamed Premium Leisure Corp.
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South African retailer Woolworths has set terms on its R10bn ($937m) capital raise, that will be used to fund a recent acquisition.
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Nyrstar, the Belgian mining and metals business, wants to raise €600m through a €250m rights offering and €350m bond issue, as it seeks to buy back existing bonds, reduce its net leverage and fund an upgrade of its smelters.
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The Indian government has started holding investor roadshows which will seek investors’ interest for the sale of shares in Steel Authority of India Ltd (Sail) even though the meetings are being described as non-deal by bankers.
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Malaysia’s Sumatec Resources is planning to raise MR919m ($291m) from a one for two rights issue to fund its acquisition of Borneo Energy Oil and Gas, the company announced on August 28.
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London Stock Exchange Group launched a £938m rights issue last Friday that will fund its previously announced acquisition of index services firm Frank Russell Company. The deal came alongside the LSE's results, which showed surging profits on the back of record IPO volumes.