Friday, 20 October 2017

Graham Fahy' s stories

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  • Varta Microbattery logo

    Varta shrugs off tricky calendar

    Equities | 04 November 2016

    The owner of battery producer Varta Microbattery is pushing ahead with a plan to raise cash and chase the next big thing in energy storage, even if it means negotiating a difficult IPO market and the volatility that comes with an unpredictable US presidential election.

  • Banca Monte dei Paschi Siena

    Recast BMPS rescue still reliant on tricky NPL deal

    Top News | 28 October 2016

    Banca Monte dei Paschi di Siena unveiled an ambitious turnaround plan last week, but its recast recapitalisation still hinges on a €28bn bad loan securitisation that remains marred by deep uncertainty.

  • Dis-Chem to list on JSE

    Equities | 21 October 2016

    One of South Africa’s largest pharmacy groups, family-owned Dis-Chem, is to seek a listing on the Johannesburg Stock Exchange after a share issue that allows its owners to reduce their stakes.

  • Lloyds Bank

    UK government returns to dribble-out

    Equities | 07 October 2016

    The UK chancellor has abandoned a plan to sell shares in Lloyds Bank to retail investors as it would not recoup cash that taxpayers invested in the bank because of the promise of a 5% discount combined with a depressed share price. The move was expected with the change of leadership in the UK (see “B

  • Pure Gym logo

    Low-cost gyms spark investor interest

    Equities | 16 September 2016

    A consumer shift to low-cost no-frills gyms triggered a flurry of ECM activity last week in the UK’s leading discount operators.

  • Banca Monte dei Paschi Siena

    Hopes for BMPS rescue fade

    Equities | 09 September 2016

    Italian ECM bankers think that institutional investors are so tired of Banca Monte Dei Paschi di Siena’s all-too-frequent calls on their cash that even a downsized share issue of €3bn – reduced from the €5bn needed through a debt-for-

  • Banca Monte dei Paschi Siena

    BMPS numbers don't add up

    Top News | 26 August 2016

    Bankers working on Banca Monte Dei Paschi di Siena’s €5bn capital increase are struggling to come up with a structure that ensures the success of the share issue, while respecting the pre-emptive rights of its shareholders.

  • Iceland's national flag and a church are seen in the town of Vik, Iceland

    Iceland comes in from the cold

    Top News | 19 August 2016

    Reykjavik could soon be a regular destination for ECM bankers if moves to further ease capital controls introduced after the 2008 financial crisis are approved by Iceland’s parliamentarians.

  • UniCredit bank headquaters

    Italian banks to investors: more please

    Top News | 29 July 2016

    Banca Monte dei Paschi di Siena and UniCredit may both be forced into highly-

  • Deutsche Bank headquarters

    Deutsche makes inroads into Elis stake

    Equities | 29 July 2016

    Deutsche Bank continues to chip away at the mountain of Elis shares it acquired when a fluffed sell-down left it with more than 12% of the French hygiene and laundry group on April 14.