May 10, 2018 / 11:50 AM / a year ago

FACTBOX-IPOs cancelled in Europe, Middle East and Africa

LONDON/FRANKFURT, May 10 (Reuters) - The following previously announced initial public offerings (IPOs) have been cancelled or postponed in Europe, Middle East and Africa so far this year, Thomson Reuters data as of May 10, 2018 shows:


* Property manager Azora Altus postponed listing on Spanish stock exchange amid uncertainty arising from Blackstone’s bid for its Hispania real-estate business

* German publisher Springer Nature cancelled 3.2 billion euro ($3.80 billion) stock market flotation, citing weak investor demand

* British vaping liquids manufacturer Supreme postponed London listing, citing market conditions

* Turkish clothing retailer DeFacto cancelled IPO, citing low demand due to recent emerging market volatility

* Italian textile machinery group Itema said it would not go ahead with IPO, citing market conditions

* Turkish clothing retailer Boyner Perakende said its board had decided to cancel IPO of its Beymen Magazacilik unit as a result of low demand


* Maker of pre-fabricated wooden homes Danwood Holding postponed its 360 million zloty ($100 million) Warsaw float due to valuation issues

* Russian meat producer Cherkizovo Group postponed a planned share offering in Moscow, citing stock market volatility

* Russia’s IBS IT Services postponed its Moscow IPO due to high financial market volatility

* Varo Energy BV decided not to proceed with plans for a flotation on the Euronext stock exchange in Amsterdam, citing poor market conditions

* HNA Group’s Swiss ground services and cargo handling unit Swissport Group deferred plans to float shares on the SIX Swiss Exchange, citing market conditions


* HNA Group scrapped its planned listing of Swiss-based airline caterer Gategroup

* African mobile phone mast firm Helios Towers pulled its plans to list in London, with one banker saying the expected IPO price was too low for shareholders


* Plastics maker Novares cancelled its up to 260 million euro Paris IPO, having already postponed it in November for what it said were technical reasons ($1 = 0.8431 euros) ($1 = 3.5985 zlotys)

Reporting by Arno Schuetze and Dasha Afanasieva; Editing by Alexander Smith

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