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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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A new special purpose acquisition vehicle (Spac) is looking to raise money in Malaysia, this time in the food and beverage sector. Red Sena has filed a draft prospectus with the country’s Securities Commission for a MR400m ($115m) listing expected in the first half of 2015.
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Permira today resumed its gradual exit from Hugo Boss, as it sold 4.9m shares in the company for a total of €500m, in what could be one of the last large accelerated bookbuilds in Europe this year.
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Shanghai-listed brokerage Huatai Securities has secured the approval of its shareholders to dual-list its shares on the Hong Kong Stock Exchange.
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The Indian government has approved capital increases by state-backed banks that will see the government's stakes diluted but will help the lenders meet their capital requirements under Basel III rules. The move is expected to bring in Rp1.61tr ($25.81bn) of new capital.
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Pakistan’s Privatisation Commission raised Rp14.4bn ($142m) on Thursday night from its sale of shares in Allied Bank, with most of the demand for the stock coming in at the strike price of Rp110 each.
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Chinese lender Shengjing Bank has opened books on its up to HK$10.78bn ($1.39bn) IPO in Hong Kong with five cornerstone investors taking up half of the deal, which is slated to close a week before Christmas.
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