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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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Taiwan’s Asia Cement Corp is looking to end its more than two year absence from the convertible bond market, having obtained board approval for a $400m offering on August 11.
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A beauty parade is underway among banks in India for the sell-down of 10% of the government’s holdings in state-controlled Indian Oil Corp, which could net Rp101.6bn ($1.6bn) based on its current share price.
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The privatisation IPO of Poste Italiane, set to be one of the highlights of the ECM calendar in the second half of 2015, took another step forward on Tuesday when the company filed its request for listing to Borsa Italiana and its prospectus to Consob for approval.
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Oceana Group, a South African fishing company incorporated nearly a century ago and listed in Johannesburg, intends to raise R1.2bn ($94m) through a rights issue.
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Department store operator Metro Retail Stores Group is gearing up for a fourth quarter listing on the Philippine Stock Exchange having filed its preliminary prospectus on August 9.
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The Indian government has ridden to the rescue of its ailing state-owned banks, promising to plough more capital into them to help shore up their tier one ratios. But a capital boost is no answer to the myriad problems facing the country’s public sector lenders. India needs to take a more radical approach.
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