Norway should invest NOK 2.5 bln in Kongsberg Gruppen share issue -government

Norway should invest about 2.5 billion Norwegian crowns ($306.26 million) in Kongsberg Gruppen's planned share issue, to help pay for the firm's acquisition of Rolls-Royce's Commercial Marine unit, the government proposed on Friday.

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UPDATE 3-Funding Circle makes lacklustre $2 bln London debut in test of demand

* Shares up 4.5 pct before falling below issue price (Adds Povlsen detail, Transferwise, share price update)

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UPDATE 2-Funding Circle's $2 bln London debut sets tone for big listings

Funding Circle made a positive market debut on Friday, valuing the British peer-to-peer lending platform at 1.5 billion pounds ($2 billion) and testing investor appetite for large listings with London's biggest for several months.

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UPDATE 1-Funding Circle sets IPO price at 440 pence per share -statement

British peer-to-peer lending platform Funding Circle on Thursday issued a final price of 440 pence per share for its initial public offering (IPO).

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Funding Circle sets IPO offer price at 440 pence - statement

British peer-to-peer lending platform Funding Circle on Thursday issued a final price of 440 pence per share for its initial public offering (IPO).

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Global equity raising slumps, European bankers eye big floats

Europe was the worst performing region for equity raising proceeds in the third quarter, according to Thomson Reuters data, as a strong performance in Asia failed to undo a global slump in issuance.

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CORRECTED-UPDATE 2-Rupert Murdoch's Fox to sell Sky stake to Comcast

Twenty-First Century Fox Inc agreed to sell its 39 percent stake in Sky PLC to Comcast Corp, the companies said on Wednesday, a deal that completes the U.S. cable group's takeover and ends Rupert Murdoch's relationship with the UK-based satellite broadcaster.

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UPDATE 2-Rupert Murdoch's Fox to sell Sky stake to Comcast

Twenty-First Century Fox Inc agreed to sell its 39 percent stake in Sky PLC to Comcast Corp, the companies said on Wednesday, a deal that completes the U.S. cable group's takeover and ends Rupert Murdoch's relationship with the UK-based satellite broadcaster.

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UPDATE 1-Rupert Murdoch's Fox to sell Sky stake to Comcast

Twenty-First Century Fox agreed to sell its stake in Sky to Comcast , securing the U.S. cable group's $40 billion takeover of its European peer and ending Rupert Murdoch's relationship with the UK-based broadcaster.

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Rupert Murdoch's Fox to sell Sky stake to Comcast

Rupert Murdoch's Fox said on Wednesday it would sell its 39 percent stake in Sky to Comcast, the U.S cable giant that outbid it in an auction to take control of the European pay-TV group on Saturday.

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UPDATE 1-Funding Circle narrows pricing range for London listing - bookrunner

British peer-to-peer lender Funding Circle on Wednesday tightened the price range for its initial public offering to 440-460 pence per share, from an initial guidance of between 420-530 pence, a bookrunner on the deal said.

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Funding Circle cuts pricing range for London listing - source

British peer-to-peer lender Funding Circle on Wednesday cut the price range for its initial public offering (IPO) to 440-460 pence per share, from an initial guidance of between 420-530 pence, a bookrunner on the deal said.

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Private equity investors weigh exit from UAE school operator GEMS-sources

A group of private equity investors, including Fajr Capital, Blackstone and Bahrain's Mumtalakat, is weighing the sale of their combined stake in the emerging market business of UAE-based GEMS Education, three sources said.

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UPDATE 2-German chip plant builder Exyte to list on stock exchange

German chip factory builder Exyte is planning to list on the Frankfurt stock exchange this year, the company said on Monday, adding to a flurry of initial public offerings in Europe's largest economy.

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UPDATE 1-German chip factory builder Exyte to list on stock exchange

* Deal could value Exyte at 2.5-3 bln eur euros (Adds background, details)

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UPDATE 1-Farfetch tops price range in IPO in boon to luxury market

Farfetch priced its shares above its targeted range on Friday in a New York flotation that values the online luxury retailer at over $5.8 billion and underscores how big a bet web sales have become for high-end brands.

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Farfetch tops price range in IPO in boon to luxury market

Farfetch priced its shares above its targeted range on Friday in a New York flotation that values the online luxury retailer at over $5.8 billion and underscores how big a bet web sales have become for high-end brands.

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UPDATE 5-Aston Martin aims to steer round Brexit to $6.7 bln IPO

* CEO says carmaker has prepared for Brexit (Adds books covered in paragraph three)

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UPDATE 4-Aston Martin aims to steer round Brexit uncertainty to $6.7 bln IPO

* CEO says carmaker has prepared for Brexit (Adds CEO remuneration details, Brexit risks)

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UPDATE 3-Aston Martin races ahead with up to $6.7 billion flotation

* CEO says carmaker has prepared for Brexit (Adds Ferrari comparison, analyst quote)

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UPDATE 2-Aston Martin speeds ahead with up to $6.7 billion October IPO

* CEO says carmaker has prepared for Brexit (Adds CEO quotes, details)

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UPDATE 1-Aston Martin aims for $6.7 billion October IPO

Luxury British carmaker Aston Martin said on Thursday it was seeking a valuation of up to 5.07 billion pounds ($6.7 billion) as it set a price range of 17.50 pounds to 22.50 pounds per share for its stock market flotation.

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Aston Martin aims for 5 billion-pound October IPO

Luxury British carmaker Aston Martin said on Thursday it was seeking a valuation of up to 5.07 billion pounds ($6.7 billion) as it set a price range of 17.50 pounds to 22.50 pounds per share for its stock market flotation.

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CVC selects banks to lead Domestic & General float -sources

Private equity firm CVC has chosen Barclays, Bank of America Merrill Lynch and Credit Suisse to lead the initial public offering of warranty provider Domestic & General in London, two sources familiar with the matter said.

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John Laing Infrastructure Fund agrees takeover terms, recommends offer

John Laing Infrastructure Fund said on Wednesday its board had agreed the terms of its proposed 1.4 billion pounds ($1.84 billion) takeover by a consortium of funds, with the price set at 142.5 pence per share in cash.

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Funding Circle to price 71.4 mln IPO shares between 420-530 pence

British peer-to-peer lender Funding Circle plans to sell up to 71.4 million new shares in its initial public offering for between 420 pence and 530 pence per share.

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UPDATE 3-Rocket-backed furniture site Westwing plans Frankfurt IPO

* Berenberg, Citi acting as joint bookrunners (Adds details from conference call)

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UPDATE 2-Rocket-backed furniture site Westwing plans Frankfurt IPO

* Berenberg, Citi acting as joint bookrunners (Adds further details)

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UPDATE 1-EnQuest aborted sales talks for Kraken stake due to debt deadline - sources

* Opted for loan against ringfenced stake instead of sale (Updates paragraph 10 on debt position)

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EnQuest aborted sales talks for Kraken stake due to debt deadline- sources

EnQuest switched from plans to sell a stake in its flagship North Sea oilfield to borrowing money against it after two sets of sale talks had to be abandoned as a deadline for a debt repayment approached, industry and banking sources said.

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UPDATE 3-Unilever details plans for December listing of new Dutch entity

* Some UK shareholders have expressed concern (Adds details on Dutch dividend tax)

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UPDATE 2-Unilever details plans for December listing of new Dutch entity

* Some UK shareholders have expressed concern (Adds context, analyst comment, bullet points, byline)

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UPDATE 1-Unilever single holding company shares to start trading in December

Consumer goods giant Unilever said simplifying its parent company structure from two UK and Dutch legal entities into a single holding company would conclude in December, when shares in the new firm would start trading.

from Reuters: New Issues News https://ift.tt/2MdQCoF

Unilever simplification to be through UK scheme of arrangement, Dutch merger

Consumer goods giant Unilever said simplifying its parent company structure from two UK and Dutch legal entities into a single holding company would be achieved through a UK scheme of arrangement and a Dutch legal merger.

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PRESS DIGEST- Financial Times - Sept 11

The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

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UPDATE 3-Volvo Cars drops IPO due to trade tensions and auto stocks downturn

Volvo Cars and its Chinese owner Geely have postponed plans to float shares in the Swedish carmaker, blaming trade tensions and a downturn in automotive stocks.

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UPDATE 3-Funding Circle plans October listing in British 'fintech' first

* Listing expected in October (Updates with 2017 earnings, paragraph 10)

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UPDATE 2-Funding Circle plans October listing in British 'fintech' first

* Listing expected in October (Recasts, adds context, detail)

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Abu Dhabi’s Aldar Properties hires banks for $750 mln sukuk refinancing - sources

Aldar Properties, the state-linked builder of Abu Dhabi's Formula One circuit, has hired banks to arrange a U.S. dollar-denominated sukuk issue of at least $750 million, sources familiar with the matter said.

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UPDATE 3-Aston Martin adds FTSE experience to its board ahead of IPO

* IPO prospectus due around Sept. 20 (Adds CEO quotes from interview)

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UPDATE 2-Aston Martin adds FTSE experience to its board ahead of IPO

Aston Martin has lined up experienced FTSE executives to boost its board as the 105-year-old luxury carmaker presses ahead with plans to list on the London Stock Exchange, it said on Monday.

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UPDATE 1-Funding Circle looks to raise 300 mln stg in London listing

* Firm has helped loan more than 1 bln stg in H1 2018 (Adds detail from statement, bullet points)

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UPDATE 2-Playtech offloads Plus500 stake for $228 mln ahead of Italy buy

* Sale comes after Plus500 founders sell shares (Adds Odey Asset Management stake, details, shares)

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UPDATE 3-EnQuest to issue discounted shares to buy Magnus oilfield

* Shares down about 13 pct (Recasts, adds detail, share price reaction)

from Reuters: New Issues News https://ift.tt/2M73xIT

UPDATE 2-EnQuest launches $138 mln rights issue to buy all of Magnus oilfield

* To ringfence 15 pct of Kraken cashflow for $175 mln (Adds rights issue launch, Kraken details, shares)

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UPDATE 1-Playtech sells whole stake in Plus500 for $228 mln

Playtech Plc has sold its entire 10 percent shareholding in retail online trading platform Plus500 for about 176 million pounds ($228 million), the company said on Friday, giving no details on the buyer.

from Reuters: New Issues News https://ift.tt/2Qbrxhd

UPDATE 1-EnQuest plans $138 mln rights issue to buy all of Magnus oilfield

UK-focused oil company EnQuest , which already owns a quarter of the Magnus oilfield, is planning a rights issue for $138 million to help it buy the rest from BP, it said on Friday.

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Playtech sells stake in Plus500 for $228 mln

Playtech Plc has sold its entire 10 percent shareholding in online retail trading platform Plus500 for about 176 million pounds ($228 million), the company said on Friday, giving no details on the buyer.

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Neptune Energy reports $70 mln H1 profit in first public results

Private equity-backed oil and gas producer Neptune Energy on Thursday reported a profit of $70 million and a cash pile of over $500 million in the first quarterly results it has published, adding that it was on the lookout for more assets.

from Reuters: New Issues News https://ift.tt/2wOz4uc

REFILE-UPDATE 1-Peer-to-peer lender Funding Circle to list on London exchange

Funding Circle, a British peer-to-peer lending marketplace, on Monday said it will list its shares on the London Stock Exchange's main market, with Danish billionaire Anders Povlsen pledging to buy at last 10 percent of the company.

from Reuters: New Issues News https://ift.tt/2NUcZRO

UPDATE 1-Peer-to-peer lender Funding Circle to list on London exchange

* Deal could be valued at around 300 million pounds -source (Adds background)

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