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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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Things just keep getting better for British Telecom. The fixed line incumbent’s shares soared 4.5% on Thursday after it announced final details of its £12.5bn takeover of EE, the UK’s largest and most advanced mobile phone company.
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Elis, the French workwear laundry company owned by Eurazeo, has narrowed the price range on its Paris initial public offering, ahead of the offering’s expected closing on Monday.
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China is considering overhauling regulation of foreign investment into the country. It could tighten the screws on foreign ownership of its booming technology sector and steer more Chinese firms toward dual class shareholdings, if it approves a draft law that addresses the use of the variable interest entity (VIE), writes John Loh.
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Coal India completed one of the country's largest ECM deals on January 30 with a Rp226.13bn ($3.68bn) divestment of part of the government’s stake. Bankers lauded the trade, which had been two years in the making, and believe it will keep the momentum going for several more share sales that are due to hit the market before India ends its fiscal year in March.
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Jasmine Broadband Internet Infrastructure Fund has priced Thailand’s first big IPO of the year — and the Kingdom’s largest listing since December 2013 — at the bottom of the range, raising Bt36.67bn ($1.13bn).
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Ho Sha Lam, the wife of Quanta Computer founder and chairman Barry Lam, raised $171.5m by offloading some of the company’s global depository shares (GDSs) through a block trade executed on February 4. The deal was priced at the bottom of guidance, but the tight discount meant this was expected by the placing agent from the beginning.
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