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Sale comes after the expiry last month of a pre-emptive acquisition rights agreement between the main family holding companies
Placing and open offer follows recent acquisition of US annuity provider
Long-time owners sell 0.5% stake after strong results
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Capital markets have provided record volumes of funding during the coronavirus pandemic, according to a new report from Afme. But a concurrent boom in bank lending shows that European companies still need broader access to equity and debt finance. -
Troubled lender Yes Bank has hit the market with an issue of fresh equity, with the deal covered at the open by pre-launch demand, according to bankers close to the trade.
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UK equity capital markets have undergone changes during the Covid-19 pandemic, including allowing retail investors to participate in accelerated recapitalisations of London-listed companies via PrimaryBid. The rise of the app represents a long overdue change but its impact is likely to be limited.
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India’s banking sector has long been in trouble. However, while a few banks can appeal to the equity capital markets to restore their capital levels — and their reputations — this won’t be easy or cheap.
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Equity investors have welcomed rumours that Japanese conglomerate Softbank is exploring a potential IPO for Arm, the UK semiconductor and software designer, and are hoping that the company might return to the London Stock Exchange.
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IP Group has sold £53.5m of shares in Ceres Power Holding, the UK solid oxide fuel cell maker, via an accelerated bookbuild.
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