Shawbrook shares climb on hopes of buyout funds raising offer

* Analysts say Friday's formal 330p/share offer made to "buy time"

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PRESS DIGEST- British Business - March 31

March 31 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

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UPDATE 2-China's Creat makes 1.2 bln euro bid for German blood plasma firm

* No premium offered for non-voting shares (Adds CEO comments, advisor names)

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National Bank of Abu Dhabi raises $587 million in green bond debut

LONDON, March 30 (Reuters) - The National Bank of Abu Dhabi has issued the Gulf region's first green bond, raising $587 million for projects to fight climate change, the London Stock Exchange (LSE) said on Thursday.

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AO World raises capital as a buffer against tough markets

LONDON, March 30 (Reuters) - Online retailer AO World raised 50 million pounds ($62 million) on Thursday to underpin its balance sheet as it navigates an uncertain outlook in Britain, its biggest market, and the impact of the lower pound on supplier prices.

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UPDATE 1-Saudi Aramco formally appoints banks to advise on share sale

LONDON, March 30 (Reuters) - Saudi Aramco has formally appointed JPMorgan Chase & Co, Morgan Stanley and HSBC as international financial advisers for its initial public offering, sources familiar with the matter told Reuters.

from Reuters: New Issues News http://ift.tt/2mRSvzi

Saudi Aramco formally appoints banks to advise on share sale

LONDON, March 30 (Reuters) - Saudi Aramco has formally appointed JPMorgan Chase & Co, Morgan Stanley and HSBC as international financial advisers for its initial public offering, expected to be the world's largest equity sale, sources familiar with the matter told Reuters.

from Reuters: New Issues News http://ift.tt/2nOutVs

BRIEF-AO World placing to raise up to 50 mln stg

* Announces a placing to raise up to £50 million, through issue of up to 42,063,157 new ordinary shares in company Source text for Eikon: Further company coverage: (London Newsroom)

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Kenyan brewer EABL says medium-term bond oversubscribed

NAIROBI, March 29 (Reuters) - Kenya's East African Breweries (EABL) got a 141 percent subscription rate for its five-year corporate bond, the company said on Wednesday.

from Reuters: New Issues News http://ift.tt/2oaLPwJ

Russia's Polyus may hold SPO in Moscow in near future - VTB

MOSCOW, March 29 (Reuters) - Polyus, Russia's largest gold producer, may hold a secondary share offering in Moscow in the near future, Yuri Soloviev, first deputy president of VTB bank, said on Wednesday.

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UPDATE 1-RBS raises settlement offer to last claimants over 2008 cash call

LONDON, March 28 (Reuters) - Royal Bank of Scotland has nudged up an offer to the final investor group seeking damages over a 12 billion pound ($15 billion) emergency cash call in 2008, one source familiar with the situation said on Tuesday.

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Initial public offerings in Britain hit 5-year low ahead of Brexit

LONDON, March 28 (Reuters) - Initial public offerings (IPOs) by companies based in Britain have raised $1.53 billion so far in 2017, a 28 percent decline on last year and the lowest year-to-date total since 2012 as Britain prepares to leave the EU, Thomson Reuters data shows.

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Barry Meyers to rejoin JPMorgan after almost two years at Barclays

March 24 (Reuters) - Barry Meyers is set to rejoin JPMorgan Chase & Co. from Barclays Plc to take on the role of Managing Director of UK Equity Capital Markets (ECM), according to an internal memo seen by Reuters.

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Ireland finance ministry appoints bookrunners for AIB IPO

March 23 (Reuters) - Ireland's finance ministry said on Thursday it has appointed five banks to act as bookrunners for a potential share sale of state-owned Allied Irish Banks, in a further signal it could launch an initial public offering in the coming weeks.

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Trucking business Eddie Stobart seeks listing on London's AIM

March 23 (Reuters) - Eddie Stobart, known for its fleet of green and red lorries, is seeking to raise about 130 million pounds ($163 million) through a listing on London's junior market, its investors' holding company said on Thursday.

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Anglo American readies bond market return

LONDON, March 21 (IFR) - Anglo American is poised to sell its first public bond since it was stripped of its investment-grade status last year following the shock capitulation of global commodity prices.

from Reuters: New Issues News http://ift.tt/2mp1SGM

UPDATE 1-Standard Life's Skeoch to run day-to-day business in Aberdeen deal

LONDON, March 20 (Reuters) - Standard Life chief executive Keith Skeoch will oversee its day-to-day running after it merges with Aberdeen Asset Management, while Aberdeen boss Martin Gilbert will handle external matters, the companies said.

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UAE hospital operator NMC Health to pursue Gulf expansion, debut bond

ABU DHABI, March 20 (Reuters) - United Arab Emirates-based hospital operator NMC Health plans to expand in Gulf markets with a debut bond issue to fund acquisitions, its new chief executive said on Monday.

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Russia's Sistema says it mulls listing its real estate business

MOSCOW, March 20 (Reuters) - Russia's Sistema conglomerate said it was considering taking its real estate development business public in 2018-2019.

from Reuters: New Issues News http://ift.tt/2nd42Zg

Smaller mining companies seek IPOs but deals remain modest

* Commodity price revival spurs growth in stock market floats

from Reuters: New Issues News http://ift.tt/2mxppkz

Guinness Nigeria seeks green light for $130 mln share sale -CEO

LAGOS, March 15 (Reuters) - Guinness Nigeria said on Wednesday it had applied to the Nigerian Stock Exchange to get approval for a share sale to raise 39.7 billion naira ($130 million), its chief executive told Reuters.

from Reuters: New Issues News http://ift.tt/2nb6D64

Packaging group Ardagh surges 19 pct in New York debut

DUBLIN, March 15 (Reuters/IFR) - Packaging company Ardagh Group surged 19 percent in its New York debut on Wednesday, valuing the firm at about $5.3 billion after it raised $307.8 million in an initial public offering to help to pay down debt.

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BRIEF-Ardagh's Coulson says IPO price attracted 'top quality' investor base

* says believes IPO priced at 'right level'; company was keen to bring on right type of investors

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UPDATE 1-Buyout groups secure funding to pursue Stada bids

FRANKFURT/LONDON, March 15 (Reuters) - Two private equity consortia vying for control of German generic drugmaker Stada have lined up funding to back their rival takeover offers each worth 4.7 billion euros ($5.0 billion) including debt.

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Buyout groups confirm Stada bids, secure funding - sources

FRANKFURT, March 15 (Reuters) - The two private equity consortia vying for Stada have made binding takeover offers each worth 4.7 billion euros ($5.0 billion) including debt, paving the way for a deeper look into the German generic drugmaker's books, several people familiar with the matter said.

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UPDATE 2-Activist hedge fund opposes Walt Disney's move on Disneyland Paris

* Disneyland Paris has struggled with losses and debts (Recasts first paragraph, adds context)

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Russia's PIK to buy back depositary receipts, delist from LSE

MOSCOW, March 13 (Reuters) - Russian homebuilder PIK Group said on Monday it had approved a tender offer for its global depositary receipts (GDRs) and would cancel their listing on the London Stock Exchange.

from Reuters: New Issues News http://ift.tt/2mhES7D

UPDATE 1-UK builder Bovis in talks with Galliford Try after rejecting bids

LONDON, March 12 (Reuters) - British homebuilder Bovis has rejected a bid approach from rival Galliford Try but remains in negotiations about a possible deal, the firm said on Sunday, adding it had also rejected a proposal from another suitor, Redrow.

from Reuters: New Issues News http://ift.tt/2mWRIfY

UK builder Bovis in talks with Galliford Try after rejecting bids

LONDON, March 12 (Reuters) - British homebuilder Bovis has rejected a bid approach from rival Galliford Try but remains in negotiations about a possible deal, the firm said on Sunday, adding it had also rejected a proposal from another suitor, Redrow.

from Reuters: New Issues News http://ift.tt/2mfkgwR

UPDATE 1-Lebanon eyes three tranches for $1.5 bln Eurobond-official

BEIRUT, March 10 (Reuters) - Lebanon's finance ministry has mandated Barclays Plc, Byblos Bank, Societe Generale de Banque au Liban and JPMorgan to refinance a $1.5 billion Eurobond with settlement on March 20 and is planning three tranches, a ministry official said.

from Reuters: New Issues News http://ift.tt/2n6vIjc

Barclays executive Compton top earner with $9 mln share award

LONDON, March 9 (Reuters) - Barclays awarded its chief operating officer Paul Compton shares worth 7.5 million pounds ($9.11 million), more than the bank's chief executive was paid in 2016, according to regulatory filings on Thursday.

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UPDATE 1-Austria's Novomatic working with Macquarie on potential IPO -sources

FRANKFURT, March 9 (Reuters) - The private owners of Austrian gaming technology group Novomatic are working with Macquarie to prepare an initial public offering that could value the company at more than 6 billion euros ($6.3 billion), three sources familiar with the matter said.

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Shell's CEO Van Beurden total pay jumps in 2016

LONDON, March 9 (Reuters) - Royal Dutch Shell said on Thursday its chief executive Ben Van Beurden saw his total pay jump 60 percent in 2016 to 8.263 million euros from 5.135 million a year earlier mainly due to deferred bonuses and share plans.

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German restaurant chain Vapiano picks banks for stock market listing -sources

FRANKFURT, March 8 (Reuters) - German restaurant chain Vapiano has picked banks to arrange its stock market listing, which may take place as early as after the European summer break, people close to the matter said.

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Italy's Unieuro files request to list on Milan bourse

MILAN, March 8 (Reuters) - Italian consumer electronics retailer Unieuro has filed a request to list on the Milan bourse and aims to complete its initial public offering (IPO) by the end of June.

from Reuters: New Issues News http://ift.tt/2mBwOCl

BRIEF-Leifheit intends capital increase by issuing bonus shares

* Management board of Leifheit AG intends capital increase from the company's funds at a ratio of 1:1 by issuing bonus shares

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Credit Suisse CFO says considering options over Swiss unit IPO

ZURICH, March 8 (Reuters) - Credit Suisse is looking at the merits of going ahead as planned with an initial public offering (IPO) of its domestic business after ending 2016 within its CET1 ratio target range, Chief Financial Officer David Mathers said on Wednesday.

from Reuters: New Issues News http://ift.tt/2n5HjeW

UPDATE 1-Credit Agricole picks JPMorgan for Banque Saudi Fransi sale -sources

DUBAI, March 8 (Reuters) - French bank Credit Agricole has picked JPMorgan to advise it on a potential sale of its 31 percent stake in Banque Saudi Fransi , valued at nearly $2.4 billion, sources familiar with the deal said.

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Ireland examines potential retail offer in AIB IPO plans

DUBLIN, March 7 (Reuters) - Ireland's finance ministry is looking at potentially including a retail offer in a planned initial public offering of state-owned Allied Irish Banks (AIB) that could be launched by May, it said on Tuesday.

from Reuters: New Issues News http://ift.tt/2mSvADC

UPDATE 1-Santander, Intesa Sanpaolo to sell Allfunds Bank in 1.8 bln euro deal

* Santander to sell 25 pct of Allfunds Bank for 470 mln euros

from Reuters: New Issues News http://ift.tt/2mzM9nx

Packaging conglomerate Ardagh launches long-awaited IPO in New York

DUBLIN, March 6 (Reuters) - Packaging conglomerate Ardagh Group launched a long-awaited initial public offering (IPO) late on Monday, as it sought to raise as much as $370 million by floating around 7 percent of the company on the New York Stock Exchange.

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Banks could earn $332 million from wave of financial services deals

LONDON, March 6 (Reuters) - A spate of big deals by financial services companies in Europe could earn investment banks an estimated $332 million in advisory fees, with Goldman Sachs set to take the lion's share of the pot.

from Reuters: New Issues News http://ift.tt/2mwPUdm

UPDATE 1-Aberdeen, Standard Life in talks over 11 bln stg merger

* Combined firm would have assets of 660 bln pounds (Adds detail)

from Reuters: New Issues News http://ift.tt/2lKHrzB

Deutsche Bank says prepares 8 billion euro capital increase

FRANKFURT, March 3 (Reuters) - Deutsche Bank is preparing for a potential capital increase of about 8 billion euros ($8.5 billion), it said in a statement on Friday.

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UPDATE 1-Private equity firms offer to buy Shawbrook bank in $1 billion deal

LONDON, March 3 (Reuters) - British bank Shawbrook Group Plc said on Friday it has received a joint offer from two private equity firms to buy the lender less than two years since it went public, in a deal worth 825 million pounds ($1 billion).

from Reuters: New Issues News http://ift.tt/2m3Pdpk

Private equity firms offer to buy Shawbrook bank in $1 billion deal

LONDON, March 3 (Reuters) - British bank Shawbrook Group Plc said on Friday it has received an offer from private equity firms Pollen Street Capital and BC Partners to buy the lender in a deal worth 825 million pounds ($1.01 billion).

from Reuters: New Issues News http://ift.tt/2m3VylZ

Ireland to select bookrunners, managers as AIB IPO inches closer

DUBLIN, March 3 (Reuters) - Ireland's government will select bookrunners and co-lead managers to assist a potential share sale of state-owned Allied Irish Banks (AIB), it said on Friday, in a further signal that it could launch an IPO by May.

from Reuters: New Issues News http://ift.tt/2mj68Gw

UPDATE 1-Music service Spotify tweets it now has 50 mln paid subscribers

March 3 (Reuters) - Spotify has reported via Twitter that it now has 50 million paid subscribers, a rise of 25 percent in less than six months, and extending the music streaming service's lead over its closest rival, Apple Music.

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UPDATE 1-Allied Irish ready to IPO as resumes dividend payments

* FY profit 1.7 bln eur, fully loaded CET1 ratio 15.3 pct (Adds CFO interview, quotes from chairman)

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UPDATE 1-Cobham to raise 500 mln stg from investors to shore up balance sheet

* Says rights issue will reduce debt ratio, reassure customers

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Spanish stocks - Factors to watch on Thursday

The following Spanish stocks may be affected by newspaper reports and other factors on Thursday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy:

from Reuters: New Issues News http://ift.tt/2lv6Ax8

Irish fin min says AIB results support 2017 IPO plans

DUBLIN, March 2 (Reuters) - Allied Irish Banks (AIB) results and first proposed dividend since 2008 support the view that 2017 is an appropriate time to consider an IPO of the state-owned bank, finance minister Michael Noonan said on Thursday.

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Allied Irish resumes dividend payments, ready for IPO

DUBLIN, March 2 (Reuters) - Allied Irish Banks (AIB) became the first of Ireland's lenders to restart dividends since the financial crash almost a decade ago, proposing a 250 million euro ($263 million) payment and saying it was ready to IPO this year.

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