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Shipping company issues new shares as it raises stake in peer to roughly a fifth
Investors want more mid-cap deals and wider variety of sectors
Cornerstone investors commit roughly €170m as company aims to raise €300m
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ECM bankers in India are hoping that the budget announcement for the next fiscal year will include a new tax rules for real estate investment trusts (Reits) and infrastructure investment trusts (InvITs). Market watchers have been in discussions with officials at the Ministry of Finance for the past few months and are optimistic it will respond to their request for a simplified tax regime. -
Pharmaceuticals firm Novo Nordisk said on Monday that it would list NNIT, its information technology subsidiary, on Nasdaq OMX Copenhagen, as it sets back in motion a deal it first proposed at the start of 2014.
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The Spanish government is set to price its privatisation of Aena, the state airport operator, this evening. The flotation of a 49% stake has attracted strong demand and looks set to be a big win for the government, potentially netting it up to €4.26bn.
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Thai mall operator Platinum Group plans to start roadshowing its $200m IPO to retail investors later this week after pre-marketing the deal to institutional investors the week before.
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Myanmar-based Yoma Strategic Holdings has wrapped up its S$164.36m ($121.4m) one-for-three rights issue following a stellar response from investors that signed up for far more rights shares than were up for grabs.
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Malaysia’s CIMB Bank is scaling back its investment banking business in the Asia Pacific region as it seeks to reduce a ballooning cost base and cut operating costs by about 30% this year, just three years after it forked out £75m ($114m) to buy the Asian and Australian investment banking assets of the Royal Bank of Scotland. The plan saw it shutter its offices in Australia on Monday, in a bid to trim costs across its investment banking and equities franchise.
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