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Shareholders sell down holdings in AutoStore and Orsted, as shipping company opens books ahead of Athens parallel listing
Proceeds expected to go towards growth, including expanding what the company says is Africa’s biggest refinery
Anna Repetto joins from Barclays
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Steinhoff International, the South African furniture maker and goods retailer that has been on an acquisition spree, raised €1.1bn on Thursday with a convertible bond that bucked the recent trend of deals that have struggled, partly because it was the kind of simple, traditional structure investors like.
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The IPO of VAT Vakuumventile, the first substantial Swiss listing for a year, was “very oversubscribed”, a banker on it said, and was priced at Sfr45 a share, close to the top of the range.
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Italy doesn’t mince its words on troubled assets. Loans in danger of becoming non-performing are dubbed ‘incagli’, which means ‘run aground’. When they become the ‘NPLs’ we hear so much about, they are ‘sofferenze’, which simply means suffering.
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Primary Health Properties, the UK real estate investment trust that lets property to doctors’ surgeries and health centres, completed on Wednesday (April 13) its £120m capital increase, which grew to £150m.
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Nomura plans to close most of its equity operations in Europe, shutting down origination, research, sales and equity derivatives. But it will maintain a sales force focussed on bringing Asian products to European clients.
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Phnom Penh Special Economic Zone (PPSEZ) is set to become the fourth IPO on the Cambodian Stock Exchange after gaining regulatory approval to list.
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