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Qualifying shareholders take up 68% as remainder stays with conditional placees
Underwriting left unused after deal is 33% oversubscribed
Shareholder-backed recapitalisation will help reduce debt and prepare assets for sale or listing
Placing and open offer follows recent acquisition of US annuity provider
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Equity-linked bankers hoping for 2014’s wave of large, high quality deals to begin may have to wait a little longer, after reports on Wednesday that Telefónica's proposed €8.6bn acquisition of KPN’s German business may be delayed. -
PSA Peugeot Citroën announced a €5.7bn restructuring on Wednesday that will bring an end to speculation about the loss-making car maker’s future but will not be closed for months.
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Malaysia Airports Holdings (MAH) is expected to conduct a private placement of new shares worth 10% of its existing share capital in early March, according to a banker close to the deal.
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The son of former Malaysian prime minister Mahathir Mohamad, Mokhzani Mahathir, sold MR818m ($248m) worth of shares in SapuraKencana Petroleum on February 18 via a private placement.
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Prime Office received nearly complete take-up for its €130m rights issue last week, and successfully sold the remaining shares through a private placement.
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With the UK public eyeing the value for money from the government's sale of its stake in Lloyds Banking Group this year, will the involvement of retail investors prove more hassle than it's worth?
