CEE Equity

Polish oil refiner Lotos is set to raise Z1bn ($318m) through a rights issue next month, in what will be a rare example of Polish ECM business after a quiet year so far for eastern Europe.

Hungarian flooring firm Graboplast is considering a Budapest listing as it seeks to expand.

National Bank of Greece has agreed with regulators that it will sell down its holding in Turkish subsidiary Finansbank, it said on Wednesday evening.

IReit Global, a real estate investment trust containing German office assets, opened books for its S$372m ($299m) Singapore IPO on July 17. If successful, IReit will be the first European-focused trust to go public in Singapore.

Even as Ukraine called off a ceasefire and ordered troops to crack down on pro-Russia protests, Russia’s equity capital markets seemed to return further towards normality with a sale of $470m of the Moscow stock exchange. There is no contradiction between those two events and market participants should cheer the return of nuance.

The Romanian state restitution fund completed a L213m ($66m) sale of shares in the country's state-owned power grid operator Transelectrica on Tuesday evening, with local investors joining select international funds to complete the latest in a run of Romanian deals.

The Romanian state restitution fund completed a L213m ($66m) sale of shares in the country's state-owned power grid operator Transelectrica on Tuesday evening, with local investors joining select international funds to complete the latest in a run of Romanian deals.

Romania’s state restitution fund is selling a L218m ($68m) stake in the country’s power grid operator Transelectrica through a sale launched on Tuesday morning.

Even as Ukraine called off a ceasefire and ordered troops to crack down on pro-Russia protests, Russia’s equity capital markets seemed to return further towards normality with a sale of $470m of the Moscow stock exchange. There is no contradiction between those two events and market participants should cheer the return of nuance.

Croatian fertiliser maker Petrokemija is set to raise Kn500m ($90m) that will help it modernise its plants.

Russia’s central bank sold a Rb16bn ($470m) stake in Moscow Exchange through an accelerated bookbuild on Tuesday night as Russian equity capital markets began to normalise, writes Andrew Griffin. While the deal could pave the way for a return of follow-on equity sales, IPOs are not expected from Russia until the market becomes more supportive, bankers said.

Poland sold a 3.5% stake in utility PGE Polska Grupa Energetyczna this week, raising Z1.325bn ($436.3m) through the block trade.