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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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Capital increase will help the German property company finance the acquisition of Deutsche Wohnen
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Sports teams could be among the Covid-battered industries looking to tap the capital markets later this year and next, bankers believe, as Italy’s elite Juventus Football Club prepares for a €400m rights issue to repair its finances.
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The UK government has announced its intention to dispose of some of its remaining 54.7% stake in NatWest, formerly Royal Bank of Scotland, through a pre-arranged trading plan which will see the government sell up to a 15% stake in the bank.
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Taylor Maritime Investments, the investment trust focused on the international shipping industry, announced an equity capital raising on Monday, just under two months after pricing its $253.7m IPO on the London Stock Exchange.
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Learning Technologies Group (LTG), the e-learning and training provider, has completed a 44.3m share sale to part fund its acquisition of GP Strategies.
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India’s Ministry of Steel has kicked off a two-day sale of its shares in National Mineral Development Corp, eyeing at least Rp19.3bn ($260m) in proceeds.