Africa Equity
-
Moroccan investor to sell 11.3% of bank in fully marketed offering, after replacing Crédit Agricole as majority shareholder -
About 30% of the deal expected to go abroad as other EM discount retailers will serve as comps
-
Burst of ECM action in South Africa and Poland
-
Vukile Property Fund raises primary capital to buy Portuguese shopping malls, block trades expected to dominate South African ECM
-
CIH Bank’s share price has risen throughout the five-week subscription period on non-underwritten deal
-
South African private equity owner of Virgin Active and New Look gives itself flexibility to wait for right time to exit its portfolio assets in sell-downs and IPOs
-
After years of inactivity, recent months suggest a resurgence in Africa equity capital markets
-
South African investment company Remgro has reduced its stake in FirstRand, one of the country’s largest financial services groups, via an accelerated bookbuild.
-
Impala Platinum Holdings, the South African platinum mining company, has launched a tender offer for half its outstanding rand-denominated convertible bonds.
-
South African pulp and paper company Sappi has tapped the equity-linked market for financing with a new five-year R1.8bn ($120m) convertible bond.
-
South African commercial landlord Growthpoint Properties has sold R4.3bn ($275m) of new shares to fund deleveraging, including repaying debt used to finance its acquisition of Capital & Regional at the end of 2019.
-
Redefine Properties, the South African landlord, has completed a tender offer for all of its outstanding €117.2m bonds that are exchangeable into shares in RDI Reit, the London-listed real estate investment trust.
