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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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HKBN, or Hong Kong Broadband Network, plans to start investor education for its IPO of around $600m from Monday, February 9, according to two bankers on the transaction. Indonesia’s Mitra Keluarga is also expected to hit the road on the same day for its own listing. -
Grand Titan Capital Holdings has raised Ps9.85bn ($223m) from divesting some of its stake in Philippine conglomerate GT Capital Holdings in a block trade on Tuesday, February 2. Despite pricing at a tight discount against the backdrop of a recent share price rally, investors flocked to the transaction as they put their trust in the company and the country’s strong growth story.
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Altor, the private equity firm that floated Danish shipping fuel trader OW Bunker in March last year, only for it to go bust in November, is returning to the IPO market to list another of its investments.
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Banzai today opened the book for its planned initial public offering in Milan, in what could be Italy’s first listing of 2015.
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CRH, the Irish building materials group listed in London, this morning launched an accelerated bookbuild to increase its capital by 9.99%, as part of the funding for its €6.5bn acquisition of assets being divested by Holcim and Lafarge.
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India played host to one of its largest ever ECM transactions last Friday when Coal India completed a Rp226.13bn ($3.68bn) divestment of the government’s stake in a deal that has been two years in the making. Bankers lauded the trade and believe it will keep the momentum going for several more share sales to hit the market before India ends its fiscal year in March.
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