France
-
-
-
Believe, the French digital music company, completed its Paris IPO on Thursday morning but the shares bombed in their first hours of trading in another blow for European listings. However, sources close to the transaction were still pleased to get the deal across the line in what they saw as a boost for the French IPO market after another sizeable listing was pulled last week. -
A year and a half after Brexit, investment banks are still grappling with evolving requirements to run capital markets deals for EU clients from within the bloc, with consequences for the job market there and in London.
-
Edenred, the French provider of pre-paid corporate vouchers, is the latest European company to sell a sustainability-linked convertible bond, replicating a structure that has become popular in the regular bond market.
-
Investors swarmed on a 12.5m share sale in Verallia, the French glass manufacturer, on Tuesday evening in another example of the recent strong demand and liquidity in the European blocks market.
-
Safran, the French aerospace and defense company, has returned to the equity-linked market to sell a new €730m convertible bond.
-
Derichebourg, a French waste disposal and recycling firm, is looking to sell €300m of seven year senior unsecured green notes to finance the acquisition of private equity-backed competitor Ecore.
-
Deutsche Bank’s recently announced policy on returning to the New York office in September fits what many bankers have been expecting for months and heralds a return to normality. But for a small subset of bankers who left offices in London for lockdown in March 2020, the end of restrictions will also mean a change of circumstances — and getting used to living in a new country.
-
The IPO of Believe, the French digital music company, was covered on its full, if smaller, deal size on Friday morning, bringing some joy to an IPO market that continues to be hit by volatility and investor reticence over new deals.
-
French engineering company Vallourec has unveiled plans for a €300m rights issue to help return its balance sheet to a sustainable footing, following a recovery in the oil industry after the slump in demand caused by the Covid-19 pandemic.
-
Bouygues, the French industrial group, sold its final large block trade in Alstom on Tuesday night in an effective clean-up. Investors jumped at the last chance they had to buy shares in the French rail company from Bouygues.
