Page 3 - Aidan Gregory News Today : Breaking News, Live Updates & Top Stories | Vimarsana

By Aidan Gregory 10.45 AM Abu Dhabi National Oil Co (Adnoc) raised $1.64bn from the sale of exchangeable bonds and shares in Adnoc Distribution, its listed fuel distribution subsidiary, having attracted a “massive” amount of demand from investors, according to a source close to the deal. The transaction is the first ever combined sale of shares and equity-linked bonds in the GCC countries. The share sale consisted of 3m shares, a 3% stake in Adnoc Distribution, while the three-year exchangeable bond was sized at $1.19bn, convertible into around 7% of the share ...

By Aidan Gregory 10.00 AM Finnish financial services group Sampo has offloaded €1.37bn of shares in Nordea, the largest bank in the Nordic region, as part of its planned exit from the group. Sampo sold 162m shares, a 4% stake in Nordea, through an accelerated bookbuild on Tuesday evening. The books were covered shortly after the transaction was launched, according to a source close to the deal. The final offer price was subsequently fixed at €8.50, a discount of 3.2% to ... Already a subscriber? Login

By Aidan Gregory 25 May 2021 Sinch, the Swedish cloud-based communications services company, has raised Skr9.4bn (€926m) to fund M&A opportunities following an overnight share sale anchored by major investors. Launched after the market close on Monday evening, the placing was backed by Temasek Holdings, the Singaporean sovereign wealth fund, and SoftBank, the Japanese conglomerate known for its investment in technology companies. Temasek subscribed for Skr2.08bn of shares while SB Northstar, the trading division of SoftBank, placed ... Already a subscriber? ...

By Aidan Gregory 11.00 AM hGears, the German maker of precision gears for e-mobility, kept its head above water in trading on Friday after the company’s €173m IPO on the Frankfurt Stock Exchange, against extremely difficult market conditions. The stock opened at €27.50, up 5.7% from the €26 offer price. By the early afternoon, the shares were stable at around €26.40. At the initial offer price, hGears achieved an initial valuation of €270m, around 10 times its 2021 Ebitda. The IPO was more than three ... Already a subscriber? Login

By Aidan Gregory 10.00 AM The family of Heinz-Herman Thiele, the late German billionaire industrialist, sold over half their stake in Deutsche Lufthansa, the German flag carrier, via an accelerated bookbuild on Thursday night. KB Holding, the Thiele family vehicle, sold 33m shares, a 5.5% stake in Lufthansa, raising €323.4m. At the €9.80 offer price, investors received a 9.8% discount to the closing price of Lufthansa on Thursday. The books were covered inside 15 minutes, according to a source close to ... Already a subscriber? Login