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GC Asia
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Aeroflot lands equity raise with strong government support
Russian airline Aeroflot completed its Rb80bn ($1.05bn) capital raise on Monday, aimed at repairing its balance sheet by repaying debt, with the Russian state increasing its stake in the carrier.
27 Oct 2020 -
Investors embrace Mail.Ru block despite red day for markets
Sands Capital Management, the US investment manager, sold a 1.6% stake in Russian internet services company Mail.Ru on a torrid evening for international stock markets.
27 Oct 2020 -
PrimaryBid completes $50m private raise amid retail equity surge
PrimaryBid, a company that provides retail investors with a means to take part in primary equity capital raises, has completed a $50m Series B financing round to expand its international business.
26 Oct 2020 -
London landlord Shaftesbury taps investors for £300m
Shaftesbury, the UK real estate investment trust that owns swathes of London’s West End, is tapping its shareholders for almost £300m ($392m) amid a severe downturn in the theatre district because of the Covid-19 pandemic.
22 Oct 2020 -
Scatec Solar borrows shares for larger equity raise
Scatec Solar, the Norwegian solar energy company, raised Nkr4.75bn ($512m) through an equity placing on Tuesday night. The sale was for 15% of the company’s share capital — 5% more than it was allowed to issue through a non-preemptive placing. It made up the balance by borrowing shares from its largest shareholder.
21 Oct 2020 -
Permira sells down TeamViewer after good run for the stock
Investors crowded into a €929.3m trade in German remote access software company TeamViewer, as Permira returned to the market to sell down more shares in the company.
20 Oct 2020 -
Dufry raises Sfr820m with backing from Alibaba, Advent
Swiss duty free operator Dufry has finished its Sfr820m at-market rights issue, which has enabled Advent International and Chinese e-commerce firm to take large strategic stakes in the company.
20 Oct 2020 -
Equity volatility returns as investors position for US election
Equity markets swung violently this week as investors reacted to polling and projections in the US election. With over two weeks left before the vote on November 3, equity bankers and investors are predicting a choppy time ahead which might make things trickier for capital markets deals.
16 Oct 2020 -
Urban Logistics Reit finishes £92m growth capital raise
Urban Logistics Reit, the London-listed real estate investment trust, has finished the final leg of a £92m share sale, tapping into heightened investor demand for exposure to niche areas of the real estate market during the pandemic.
15 Oct 2020 -
Evergrande slashes $1bn top-up for cautious buyers
China Evergrande Group this week tapped the equity capital markets for HK$4.3bn ($554.9m), making its first primary share sale in five years. But the fundraising did not go as planned, with the embattled property developer nearly halving its initial target after investors called for a smaller deal. Jonathan Breen reports.
15 Oct 2020
