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Shares trade 8% above offer price as shipping company completes second listing
TX Group and SMG absorb almost 60% of block as insurer cuts holding to 11.8%
Investors back German engine manufacturer’s raise to 'balance the books' after €1.6bn acquisition gets go-ahead
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Pakistan made history this week with the signing of an agreement to merge its three bourses under the banner of the Pakistan Stock Exchange (PSE). The move is set to transform its nascent equity capital market, as the country seeks to raise its international profile among foreign investors, writes John Loh.
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Infrastructure investment trusts (InvITs) have failed to gain any sort of traction in India since the asset class was introduced last year to reduce the funding pressure on infrastructure projects. In response, the country launched a new consultation on August 20 in a bid to improve the framework but unless several tax and structural issues are fixed, interest in the asset class is unlikely to pick up.
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The Securities and Exchange Board of India (Sebi) has decided to lift the lid on the maximum number of anchor investors that can be allocated shares in an IPO, according to a statement from the regulator.
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There was a tense finish to the Indian government’s Rp93.96bn ($1.42bn) divestment of its stake in Indian Oil Corp (IOC), with books only covered just before the transaction was due to close thanks to late bids from state-owned insurers.
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Reesink, the Dutch equipment distributor, intends to float in Amsterdam in early 2016, the company said in its half-year report.
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NL Financial Investments, the organisation that handles the Dutch state’s shareholdings, has selected eight investment banks as bookrunners and co-lead managers for ABN Amro’s highly anticipated flotation.
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