Africa Equity
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Emphatic demand allows pricing at top of range -
Moroccan investor to sell 11.3% of bank in fully marketed offering, after replacing Crédit Agricole as majority shareholder
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About 30% of the deal expected to go abroad as other EM discount retailers will serve as comps
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Burst of ECM action in South Africa and Poland
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Vukile Property Fund raises primary capital to buy Portuguese shopping malls, block trades expected to dominate South African ECM
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CIH Bank’s share price has risen throughout the five-week subscription period on non-underwritten deal
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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
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After years of inactivity, recent months suggest a resurgence in Africa equity capital markets
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South African investment company Remgro has reduced its stake in FirstRand, one of the country’s largest financial services groups, via an accelerated bookbuild.
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Impala Platinum Holdings, the South African platinum mining company, has launched a tender offer for half its outstanding rand-denominated convertible bonds.
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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.
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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.
