Page 27 - New Issues News Today

By Reuters Staff 1 Min Read PARIS, April 29 (Reuters) - The “Pegasus Europe” special purpose acquisition vehicle (SPAC) launched by Tikehau Capital and others including financier Jean-Pierre Mustier, has raised 500 million euros ($606 million), the parties involved said. A SPAC is a shell company that raises money in an initial public offering (IPO) to merge with a privately held company, that then becomes publicly traded as a result. Investment firm Tikehau Capital is sponsoring the Pegasu...

4 Min Read PARIS/MILAN (Reuters) - Euronext on Thursday completed its takeover of the Milan bourse and announced a 1.8 billion euros ($2.2 billion) share sale to fund a deal that turns Italy into the core trading venue of the pan-European stock exchange. FILE PHOTO: Stephane Boujnah, CEO of stock market operator Euronext is seen during a ceremony at Euronext headquarters at La Defense business and financial district in Courbevoie near Paris, France, November 21, 2019. REUTERS/Charles Platiau Eu...

By Reuters Staff 1 Min Read OSLO, April 29 (Reuters) - Budget carrier Norwegian Air expects demand for short-haul travel in Europe to return to pre-pandemic levels in 2023 or 2024, it said as it presented a first-quarter loss before tax of 1.19 billion crowns ($144.96 million) on Thursday. The airline earlier this month said it aims to raise 6 billion crowns in fresh capital, up from the 4.5 billion it originally planned, as part of a scheme to emerge from court-ordered bankruptcy protection ne...

SHARE The US securities regulator is considering new guidance to rein in earnings growth projections made by listed blank-cheque companies, and clarify when they qualify for certain legal protections, according to sources. The previously unreported measures being weighed by staff at the Securities and Exchange Commission (SEC) would escalate its crackdown on the deal frenzy in special purpose acquisition companies, or SPACs, which it worries is putting investors at risk. The SPAC market had alr...

* Philippines gears up for blockbuster year of IPOs (Recasts with details on IPO, quotes)

By Reuters Staff 2 Min Read MOSCOW (Reuters) - Russian forestry group Segezha debuted on the Moscow Exchange at around 8 roubles per share on Wednesday, matching its final IPO offer price and implying a market capitalisation of 125.5 billion roubles ($1.68 billion), the company said. FILE PHOTO: A view shows the Taiga larch forest in the Western Sayan Mountains in Krasnoyarsk Region, Russia February 13, 2018. REUTERS/Ilya Naymushin//File Photo The offering consists of 3,750,000,000 new shares, ...

By Reuters Staff 2 Min Read MOSCOW, April 28 (Reuters) - Russian forestry group Segezha debuted on the Moscow Exchange at around 8 roubles per share on Wednesday, matching its final IPO offer price and implying a market capitalisation of 125.5 billion roubles ($1.68 billion), the company said. The offering consists of 3,750,000,000 new shares, representing 31.4% of Segezha’s current share capital, the company said, with Segezha set to raise 30 billion roubles. Segezha, controlled by conglomer...

* Recommences dividend pay out * (Adds details from earnings statement, quote) FRANKFURT, April 27 (Reuters) - Wintershall Dea posted a jump in first-quarter financial results thanks to record production and recovering oil and gas prices, the German-Russian producer said on Tuesday. Its earnings before interest, tax, depreciation, amortisation, and exploration expenses (EBITDAX), a standard oil industry measure, rose to 704 million euros ($850.22 million) in the three-month period, up 47% year-...

* Pegasus to raise 500 mln euros in Amsterdam SPAC * Vehicle to target financial services acquisition (Adds background on SPACs) LONDON, April 26 (Reuters) - France’s richest man Bernard Arnault and former Unicredit head Jean Pierre Mustier launched the 500 million euro ($605.40 million) listing of their special purpose acquisition (SPAC) in Amsterdam on Monday, the bookrunners on the deal said. Pegasus Acquisition Company Europe B.V. aims to target opportunities in the financial services sec...

By Reuters Staff (Adds source information on potential timing, analyst comment) HONG KONG, April 26 (Reuters) - China Huarong Asset Management said it will miss an April 30 deadline to file its 2020 earnings results as auditors need more time - a second postponement that is likely to prolong uncertainty for its jittery investors. Huarong, one of China’s four biggest distressed asset management firms, had first planned to release results on March 31 but delayed that announcement, citing the ne...