Chinese power generation company SDIC postponed on Wednesday plans for an offering of global depositary receipts (GDRs) in London, setting the seal on what has been a miserable year for initial public offerings across Europe.
JOHANNESBURG/LONDON Anglo-South African financial services group Investec expects to raise about 189 million pounds from the sale of around 10% of its asset management business, which will be renamed Ninety One when it is spun off in March.
LONDON/JOHANNESBURGBayport Management, an African consumer lending company, is considering a London listing in the first half of 2020 that could value it at around $800 million (623.5 million pounds), three sources familiar with matter said.
LONDON Chinese power generation group SDIC Power Holdings plans to offer global depositary receipts in London, it said on Tuesday, adding it will look to use the proceeds to invest further in clean energy and for global expansion.
LONDON British utilities are becoming increasingly popular with bond investors who believe their debt may benefit if a Labour government comes to power in December's general election and takes them into public ownership.
PARIS/LONDON The French government has launched its biggest wave of privatizations in more than a decade, kicking off the process with the sale of the majority of its stake in the national lottery monopoly.
PARIS/LONDON The French government has launched its biggest wave of privatisations in more than a decade, kicking off the process with the sale of the majority of its stake in the national lottery monopoly.
LONDON Investors gave their unstinting support to Spanish firm Cellnex's purchase of the telecoms division of Britain's Arqiva, providing enough demand to cover a 2.5 billion euro (£2.2 billion) fundraising package 38 times over, Cellnex said.