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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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KES Power has raised Prp6.375bn ($63m) from a sale of shares in Pakistan’s K-Electric, after shrinking the deal size by nearly half and pricing the delayed block at the bottom of the bookbuilding range. Just two international investors signed up for stock as pressure on the company’s share price, negative news about dividend payment plans and protests in Karachi wreaked havoc on the trade’s execution.
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Shenzhen-listed brokerage GF Securities may begin investor education for a $2bn IPO in Hong Kong in mid-March at the earliest.
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China’s Real Nutriceutical Group, which makes health-related products such as nutritional supplements, is mulling the spin-off and listing of some of its beverage businesses on the Hong Kong Stock Exchange.
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Isolux Corsán, the Spanish energy and construction firm, last night pulled its €600m initial public offering, in the first blow to what has been Europe’s strongest ECM region so far this year.
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Philippines and Singapore-listed Del Monte Pacific will raise S$208.60m ($156.43m) in a rights offering after pricing the transaction at S$0.33 or Ps10.60 a share.
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The Modi administration launched its up to Rp226.13bn ($3.68bn) offer for sale of shares in Coal India on Friday, a mammoth trade which could be one of India’s biggest yet.
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