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Friday, 20 October 2017

Graham Fahy' s stories

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  • saga pensioner holiday vacation

    Saga owners sell before window closes

    Capital City | 28 July 2015

    The private equity owners of Saga capitalised on reverse enquiry to sell down their stakes in the over-50s group just before a blackout on sales is imposed this week. The sale also came as investors begin to log off for the summer, hence a very modest inital size and substantial upsize to more than treble th

  • KONE logo

    Kone shareholder makes hasty exit

    Equities | 24 July 2015

    UBS closed the gap with Goldman Sachs at the head of the EMEA ECM league tables with a summer selldown in Kone on Tuesday evening. Instead of enjoying a break under the Tuscan sun, its bankers sold around 5.4% of the Finnish elevator and escalator manufacturer in a deal valued at €864.67m.

  • Chorus Clean Energy logo

    Chorus ends on a bum note

    Equities | 10 July 2015

    Chorus Clean Energy cancelled its public offering on Wednesday after extending the bookbuilding period by one week in the hope that markets would have been more receptive once the results of the Greek referendum were known.

  • Greek

    European IPOs in doubt as Greece finally has an impact

    Capital City | 29 June 2015

    The Greek debt crisis has hit European ECM like a truck this morning, after a period where primary issuance had been remarkably insulated from events in Southern Europe.

  • Credit Bank of Moscow logo

    Credit Bank of Moscow IPO revives Russia

    Equities | 19 June 2015

    Bookbuilding will begin on Monday for Credit Bank of Moscow’s Rbs39.64bn (US$730m) Moscow stock exchange listing.

  • BlackRock

    BlackRock mops up Lloyds dribble

    Top News | 05 June 2015

    The UK government will continue to discreetly sell its Lloyds Bank shares in the market until the end of the year, extending a dribble-out programme that has facilitated BlackRock’s steady accumulation of a substantial position in the bank. The programme managed by Morgan Stanley was due to expire on June 30.

  • Pandox logo

    Rush ahead of midsummer

    Equities | 29 May 2015

    Anxious to get deals wrapped up before the midsummer celebrations, bankers have launched four public offerings in Nordic companies, including a real estate firm, a discount retailer, a lender, and a public bus company. Midsummer falls on Saturday June 20 this year, and the Swedish and Finnish markets are closed on Friday June 19.

  • Europris

    IPO season arrives in Europe

    Top News | 29 May 2015

    Over 20 initial public offerings are currently vying for investors’ attention in a rush of issuance across the EMEA region. Just two – Spie and Inwit – stand out with deal sizes in excess of €750m, so each offering will have to prove its value to investors, unable to claim must-have status.

  • The head office of the Lloyds Banking Group

    Government makes hay while the sun shines

    Equities | 15 May 2015

    The UK government has reduced its stake in Lloyds by another 1% through Morgan Stanley, maintaining a brisk pace as it seeks to take advantage of the current price levels. The US bank was mandated to sell up to but no more than 15% of the aggregate trading volume over the six months of the programme but the current rate is running far ahead of that.

  • Windeln

    Windeln collapses on debut

    Top News | 08 May 2015

    Bankers on the listing of Windeln were left wondering what it is about public offerings of German online retailers that causes investors to rush for shares, only to wake up the following morning and decide they have paid way too much and need to sell out immediately.