Greensphere Capital seeks London share listing

Nov 30 (Reuters) - Greensphere Capital Plc said on Thursday that it would seek to raise up to $500 million in an initial public offering on the London Stock Exchange.

from Reuters: New Issues News http://ift.tt/2AorG9B

UPDATE 2-France's Altran to buy U.S. group Aricent for $2 bln, shares slip

* Company to hit 2020 goals two years early (Adds shares, analyst comments)

from Reuters: New Issues News http://ift.tt/2k9pQVX

UPDATE 2-Aviva to generate extra $4 bln of cash, planning payback, some M&A

* Shares up 2.5 pct, among top blue-chip gainers (Adds further details, comments by CEO)

from Reuters: New Issues News http://ift.tt/2i44QMk

UPDATE 1-Aviva to generate extra $4 bln, give more back to shareholders

* Shares up 2.5 pct, among top blue-chip gainers (Adds CEO, analyst, shares)

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

Aviva to spend $4 bln in excess cash in next two years

LONDON, Nov 30 (Reuters) - British insurer Aviva expects to spend 3 billion pounds ($4.04 billion) in excess cash over the next two years, the bulk of it in 2018, the insurer said on Thursday.

from Reuters: New Issues News http://ift.tt/2inK51K

UPDATE 1-Bank of England broadens market push to replace LIBOR

LONDON, Nov 29 (Reuters) - The Bank of England has stepped up efforts to replace the scandal-hit LIBOR interest rate benchmark with the SONIA measure of overnight rates as the main benchmark for commercial sterling interest rates by the end of 2021.

from Reuters: New Issues News http://ift.tt/2i0ycek

Bank of England says wants SONIA to replace LIBOR by end of 2021

LONDON, Nov 29 (Reuters) - The Bank of England said on Wednesday that it wanted the SONIA measure of overnight interest rates to replace scandal-hit LIBOR measure as the main benchmark for commercial sterling interest rates by the end of 2021.

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

UPDATE 1-Kenya plans $1 bln dual listing of National Oil Corp by early 2019

NAIROBI, Nov 29 (Reuters) - Kenya plans to raise $1 billion by listing its National Oil Corporation at home and on the London Stock Exchange by early 2019, to buy a share of two oil blocks held by Tullow and its partners, a senior government official said on Wednesday.

from Reuters: New Issues News http://ift.tt/2Bw87wd

Russia's Etalon says biggest shareholders to sell down stakes

MOSCOW, Nov 28 (Reuters) - The biggest shareholders in Etalon plan to sell down their stakes, the Russian housebuilder said on Tuesday, reducing their holdings for the second time this year.

from Reuters: New Issues News http://ift.tt/2k9NNMP

UPDATE 1-Springer Nature asks JP Morgan, Morgan Stanley to organise IPO - sources

* IPO to value Springer Nature at 4-5 billion euros - sources

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

REFILE-Severn Trent targets sterling redemption flows

LONDON, Nov 27 (IFR) - Water utility Severn Trent is taking advantage of redemptions in the currency due next month and is set to price a £250m no-grow five-year. Barclays, BNP Paribas (B&D) and Citi set IPTs at 95bp-100bp over the Sep 2022 Gilt and followed with guidance at a final 90bp. Books peaked around £500m before settling in at £475m.

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

Severn Trent targets sterling redemption flows

Nov 27 (Reuters) - Water utility Severn Trent is taking advantage of redemptions in the currency due next month and is set to price a £250m no-grow five-year. Barclays, BNP Paribas (B&D) and Citi set IPTs at 95bp-100bp over the Sep 2022 Gilt and followed with guidance at a final 90bp. Books peaked around £500m before settling in at £475m.

from Reuters: New Issues News http://ift.tt/2Ac4kFZ

UPDATE 2-M7 Multi-Let pursues private funding, scraps London IPO plan

* LSE says IPOs this year still much higher than last 2 years (Adds comment from LSE)

from Reuters: New Issues News http://ift.tt/2AtQ3p4

UPDATE 1-M7 Multi-Let pursues private funding, scraps London IPO plan

LONDON, Nov 24 (Reuters) - M7 Multi-Let REIT, a newly-established firm set up to invest in industrial and office property, has become the latest business to scrap plans to float in London after it pulled a listing that would have raised as much as 300 million pounds ($400 million).

from Reuters: New Issues News http://ift.tt/2i3TRGj

M7 Multi-Let pursues private funding, scraps London IPO plan

Nov 24 (Reuters) - M7 Multi-Let REIT Plc, a newly-established firm set up to invest in industrial and office property, has decided not to pursue plans to raise up to 300 million pounds ($400 million) by listing its shares in London.

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

UPDATE 2-UK's 15 billion pound RBS sale to boost government coffers

* RBS shares fall 1.2 pct (Adds quote, details of other asset sales, updates shares)

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

UPDATE 1-Gaming company Cirsa hires Lazard to explore IPO options - source

MADRID, Nov 22 (Reuters) - Spanish gaming hall operator Cirsa has hired investment bank Lazard to explore a possible market listing, a company source said on Wednesday, and one banker said it could value the company at up to 2 billion euros ($2.4 billion).

from Reuters: New Issues News http://ift.tt/2zenjN1

UPDATE 1-UK's 15 billion pound RBS sale to boost government coffers

* RBS shares fall 0.7 pct (Recasts, adds background, share reaction)

from Reuters: New Issues News http://ift.tt/2zcQO1w

BRIEF-Russian retailer Magnit says ‍CEO to lend it 44 bln roubles

* Magnit Chief Executive Officer Sergey Galitskiy to grant a revolving credit line to Magnit's subsidiary Tander in the amount of 44 billion roubles ($750.3 million);

from Reuters: New Issues News http://ift.tt/2B3U5AL

Britain to sell 15 billion pounds of RBS shares over 5 years

LONDON, Nov 22 (Reuters) - Britain's government will begin the reprivatisation of bailed-out lender Royal Bank of Scotland by selling 3 billion pounds ($3.98 billion) worth of shares before the end of the 2018-19 fiscal year, according to an official report released on Wednesday.

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

UPDATE 2-German property developer Instone looks at share listing next year

* Deutsche Bank, Credit Suisse advising - sources (Adds peers, deal value)

from Reuters: New Issues News http://ift.tt/2AnWU3B

UPDATE 5-WPP accepts Bain's offer for Japan's ADK, drops legal threat

* WPP could reinvest in ADK once offer completed (Adds further details)

from Reuters: New Issues News http://ift.tt/2jJxuq1

UPDATE 4-WPP accepts Bain's offer for Japan's ADK, says Bain

* WPP could reinvest in ADK once offer completed (Adds detail on new agreement)

from Reuters: New Issues News http://ift.tt/2AlV7fa

BRIEF-Valora announces the results of the rights offering

* ‍INTENDS TO END BOOKBUILDING PERIOD EARLIER THAN PREVIOUSLY COMMUNICATED​

from Reuters: New Issues News http://ift.tt/2hE55gD

Carige set to sign share issue underwriting accord Friday or over weekend - source

MILAN, Nov 17 (Reuters) - Italy's Banca Carige is set to sign an underwriting accord with banks for its share issue on Friday or over the weekend, a source close to the matter said, paving the way for the launch of a capital raise needed to safeguard its future.

from Reuters: New Issues News http://ift.tt/2iskvp9

UPDATE 4-Italy's Carige struggling with cash call as ECB deadline looms

* Failed to sign underwriting accord with CS, Deutsche, Barclays

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

UPDATE 3-Italy's Carige struggling with cash call as ECB deadline looms

MILAN, Nov 16 (Reuters) - Italy's Banca Carige said on Thursday it had failed to secure underwriters for a 560 million euro ($660 million) share issue, which is a key European Central Bank demand for the bank to safeguard its future.

from Reuters: New Issues News http://ift.tt/2AVI1T8

UPDATE 2-Cabot Credit Management latest victim of London IPO market, Bakkavor trades up

LONDON, Nov 16 (Reuters) - Britain's biggest debt collector Cabot Credit Management abandoned its plan on Thursday for an initial public offering (IPO), the latest in a string of companies to ditch attempts to list on the London Stock Exchange.

from Reuters: New Issues News http://ift.tt/2AT6RmH

UPDATE 1-Cabot Credit Management latest casualty of London IPO market

LONDON, Nov 16 (Reuters) - Britain's biggest debt collector Cabot Credit Management abandoned its plan on Thursday for an initial public offering (IPO), the latest in a string of firms to ditch attempts to list on the London Stock Exchange.

from Reuters: New Issues News http://ift.tt/2mxwoP5

UPDATE 2-Italy's Carige struggling with cash call as ECB deadline looms

MILAN, Nov 16 (Reuters) - Italy's Banca Carige said on Thursday it had failed to secure underwriters for a 560 million euro ($660 million) share issue, which is a key European Central Bank demand for the bank to secure its future.

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

Russian retailer Magnit to raise around $700 mln via share sale

MOSCOW, Nov 15 (Reuters) - Russian food retailer Magnit has launched a two-step equity fundraising deal aiming to raise around $700 million to fund its expansion.

from Reuters: New Issues News http://ift.tt/2iX9xr2

UPDATE 1-Old Mutual wealth unit IPO on track for 2018; no decision on OMGI

LONDON, Nov 15 (Reuters) - Anglo-South African insurer Old Mutual said on Wednesday it was on course to list its wealth unit in 2018 and announced a series of planned changes to the brand.

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

BRIEF-Russia's Magnit says Lavreno sold shares at 6,185 roubles

* Shareholder Lavreno Limited sold 7,100,000 shares at 6,185 roubles ($102.56) apiece through an accelerated bookbuild;

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

UPDATE 2-Shell sells out of Woodside Petroleum for $2.7 bln

* Shell now at $25 bln of $30 bln asset sale target (Recasts with full stake sale, adds analyst comment)

from Reuters: New Issues News http://ift.tt/2yWGG14

UPDATE 1-Shell to sell part of its Woodside Petroleum stake for $1.7 bln

LONDON/SYDNEY, Nov 13 (Reuters) - Royal Dutch Shell is selling part of its stake in Australia's largest independent oil and gas company, Woodside Petroleum Ltd, to equity investors for about $1.7 billion.

from Reuters: New Issues News http://ift.tt/2zzK1Cu

Shell to sell part of its stake in Woodside Petroleum for $1.7 bln

Nov 13 (Reuters) - Royal Dutch Shell said on Monday it was selling part of its stake in Woodside Petroleum Ltd to equity investors for about $1.7 billion.

from Reuters: New Issues News http://ift.tt/2hv17KQ

Deutsche Bank picks asset-management IPO bookrunners -source

FRANKFURT, Nov 11 (Reuters) - Deutsche Bank has selected Barclays, Citigroup and Credit Suisse as senior bookrunners for the initial public offering (IPO) of its asset-management arm, a source familiar with the matter told Reuters on Saturday.

from Reuters: New Issues News http://ift.tt/2zB2igo

Botswana coal miner Minergy plans UK listing for 2018

LONDON, Nov 10 (Reuters) - Botswana coal producer Minergy plans to list in London next year to give it access to a pool of capital that it could tap at a later date to fund its expansion, it said on Friday.

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

UPDATE 1-Lottery operator Sazka Group considers London share listing

PRAGUE, Nov 10 (Reuters) - Czech-based lottery and gaming operator Sazka Group said it is looking at an initial public offering in London to help fund growth in Europe.

from Reuters: New Issues News http://ift.tt/2md0c3b

UPDATE 2-UK ready meals maker Bakkavor gets IPO away after price cut

LONDON, Nov 10 (Reuters) - Bakkavor, a ready meals supplier to major food retailers in Britain, has gone ahead with its stockmarket flotation just a week on from shelving the deal, after cutting the price to value itself at 1 billion pounds ($1.3 billion).

from Reuters: New Issues News http://ift.tt/2yQ0h2L

UPDATE 1-Russia's Deripaska directly holds 65.2 pct of En+ after IPO - document

MOSCOW, Nov 9 (Reuters) - Russian tycoon Oleg Deripaska will retain a 65.2 percent direct stake in En+ Group, which manages his aluminium and hydropower businesses, after an initial public offering (IPO) closed last week, a company document shows.

from Reuters: New Issues News http://ift.tt/2iI2Glk

Russia's Deripaska holds 65.2 pct of En+ after IPO - document

MOSCOW, Nov 9 (Reuters) - Russian tycoon Oleg Deripaska will retain a 65.2 percent stake in En+ Group, which manages his aluminium and hydropower businesses, after an initial public offering (IPO) closed last week, the company's documents showed.

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

Business as usual for UK index-linked Gilt

LONDON, Nov 8 (IFR) - It was business as usual for the United Kingdom in its first syndicated trade following Moody's downgrade of the sovereign's rating to Aa2 in September, as investors clamoured to get a piece of the 31-year linker.

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

BRIEF-Valora Holding ‍announces terms of planned capital increase and rights offering​

* ‍ANNOUNCES TERMS OF PLANNED CAPITAL INCREASE AND RIGHTS OFFERING​

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

Canada, CDC among rare names leading US dollar issuance

LONDON, Nov 7 (IFR) - SSA US dollar issuance, estimated at US$10bn, is being met with solid investor interest, allowing issuers to tighten guidance on all deals.

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

Insurer Aviva plans its first listed UK property trust

LONDON, Nov 7 (Reuters) - Insurer Aviva's fund arm announced plans on Tuesday for its first listed UK property trust, joining a number of other such listings since Britain's vote to leave the European Union increased demand for more liquid property assets.

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

HSBC pledges $100 bln of finance by 2025 to combat climate change

LONDON, Nov 6 (Reuters) - HSBC has pledged to provide $100 billion in financing and investment by 2025 to help combat climate change, the bank said on Monday.

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

UPDATE 3-Trump backs New York in bourses' battle for Saudi Aramco listing

* But Trump has close ties with Riyadh (Adds comments from government watchdog, Nasdaq)

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

UPDATE 2-Trump backs New York in bourses' battle for Saudi Aramco listing

* But Trump has close ties with Riyadh (Adds analysis, context)

from Reuters: New Issues News http://ift.tt/2zdHtK7

UPDATE 2-London IPO market hit as Arqiva and Bakkavor pull floats

* Russia's En+ listed GDRs at low end of price guide (Adds details on En+, data on listings, background on UK IPOs)

from Reuters: New Issues News http://ift.tt/2yr3i9C

Russia's RDIF buys into En+ IPO with M.East, Asia-Pacific partners

MOSCOW, Nov 3 (Reuters) - The Russian Direct Investment Fund (RDIF) invested in En+ Group during its initial public offering together with partners from the Middle East and the Asia-Pacific region, RDIF said in a statement on Friday.

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

UPDATE 1-Russia's En+ prices IPO at $14 per GDR, valued at $8 bln

MOSCOW, Nov 3 (Reuters) - Russia's En+ Group, which manages tycoon Oleg Deripaska's aluminium and hydropower businesses, priced its global depositary receipts at $14 in an initial public offering (IPO) on Friday, at the lower end of its guided range.

from Reuters: New Issues News http://ift.tt/2zfs7V3

Russia's En+ prices IPO at $14 per GDR, valued at $8 bln

MOSCOW, Nov 3 (Reuters) - Russia's En+ Group, which manages tycoon Oleg Deripaska's aluminium and hydropower businesses, priced its global depositary receipts at $14 in an initial public offering on Friday, at the lower end of its guided range.

from Reuters: New Issues News http://ift.tt/2j0lOPr

UPDATE 1-Qatar poised to buy into En+ as Russia tests investor interest

MOSCOW/LONDON, Nov 2 (Reuters) - Qatar Investment Authority is expected to invest in the initial public offering of Russia's En+ , sources said on Thursday, adding the flotation would be priced at the bottom of a previously announced range.

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

BRIEF-Qatari Investment Authority bid for around $300 million in En+ IPO – sources

* QATARI INVESTMENT AUTHORITY BID FOR AROUND $300 MILLION IN EN+ IPO – SOURCES

from Reuters: New Issues News http://ift.tt/2yoh64M

Russia's En+ expected to price at $14/depositary receipt, bottom of range -bookrunner

LONDON, Nov 2 (Reuters) - The initial public offering (IPO) of En+ , which manages tycoon Oleg Deripaska's aluminium and hydropower businesses, is expected to price at $14 per global depositary receipt (GDR), the bottom of a previously announced range.

from Reuters: New Issues News http://ift.tt/2A9pFgO

UPDATE 1-Order book for IPO of Russia's En+ fully covered - sources

MOSCOW, Nov 1 (Reuters) - The initial public offering (IPO) of En+, which manages tycoon Oleg Deripaska's aluminium and hydropower businesses, has received at least as many orders from investors as the number of shares on sale, three market sources told Reuters on Wednesday.

from Reuters: New Issues News http://ift.tt/2z6HWvq

Books for Russia's En+ IPO are fully covered - sources

MOSCOW, Nov 1 (Reuters) - Order books for an initial public offering by En+, which manages tycoon Oleg Deripaska's aluminium and hydropower businesses, are fully covered, three financial market sources told Reuters on Wednesday.

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

Russia's MD Medical says no new share sale if price below $12

MOSCOW, Nov 1 (Reuters) - Russia's MD Medical Group will not proceed with a secondary public offering if the shares cannot fetch at least $12, Mark Kurtser, its main shareholder and chief executive, told Reuters.

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

UPDATE 1-Old Mutual to retain 20 percent of South Africa's Nedbank after split

JOHANNESBURG, Nov 1 (Reuters) - Anglo-South African financial services group Old Mutual said on Wednesday it will retain a 19.9 percent strategic minority shareholding in Nedbank after the parent company's planned split.

from Reuters: New Issues News http://ift.tt/2lD7vRt

Old Mutual to retain 20 percent of South Africa's Nedbank after split

JOHANNESBURG, Nov 1 (Reuters) - Anglo-South African financial services group Old Mutual said on Wednesday it will retain a 19.9 percent strategic minority shareholding in Nedbank after the parent company's planned split.

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