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Listing timelines are slipping towards next year as economic uncertainty is making investors wary
Pierre Gay is retiring after seven years in the post
Proceeds enable fund to buy 14-property portfolio as units fully placed in best efforts process
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European policymakers are now waking up to the need for a European solution to non-performing loans, prompted by a push from the European Banking Authority to create a European-wide state-backed asset management company. But the right time for this solution was half a decade ago.
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Shares in ACS Group, the Spanish civil engineering company, closed 1% lower on Tuesday after Iberostar Hotels & Resorts, the Palma-based hotel chain, sold its entire 5.61% stake in a block trade, for €554.4m.
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Laird, the UK maker of mobile phone parts, microchips and antennas, has finished its £185m rights issue to bolster its balance sheet after a fall in profits last year.
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ADES International, the Dubai oil and gas drilling services company, is preparing an IPO on the London Stock Exchange to raise capital.
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Galenica Santé, the Swiss retail pharmacies unit of Galenica Group, has increased the size of its IPO and will price it near the top of its initial range.
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South Korea’s Financial Supersory Service is reviewing Samsung BioLogics for potential financial fraud in the lead up to its W2.25tr ($2.0bn) IPO last year, according to a banker who worked on the listing.
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