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MPS shares were down 7.8% at 2.83 euros by 1145 GMT on Tuesday, reflecting the impact of the sale. EU COMMITMENTSBofA Securities, Jefferies and UBS Europe coordinated the accelerated bookbuilding for the stake sale, the Treasury said in a statement. Commitments Italy agreed with European Union competition authorities at the time of the bailout bind Rome to eventually sell its entire stake in the bank. Two years ago heavyweight UniCredit (CRDI.MI) sank the government's privatisation efforts, forcing Rome to seek more time from the EU. The stake sale is seen as giving Italy more flexibility to pursue a long-term solution for MPS via a merger with a rival, after negotiations with UniCredit were complicated by an impending re-privatisation deadline.

Persons: Jennifer Lorenzini, Luigi Lovaglio, Giancarlo Giorgetti, Giorgia Meloni, Valentina Za, Lincoln, Richard Chang, Mark Potter Organizations: Monte, REUTERS, Treasury, MPS, BofA Securities, Jefferies, UBS Europe, European Union, Reuters, Economy, Banco, BPER Banca, EU, Thomson Locations: Monte dei, Siena, Italy, MILAN, Rome

☆ South Korea's Doosan Robotics opens books for $318 mln IPO
▼ + stars: | 2023-08-28 | by ( ) www.reuters.com time to read: +1 min

SEOUL, Aug 28 (Reuters) - South Korea's Doosan Robotics Inc has opened the books on an up to $318 million initial public offering, according to a company filing. Through the IPO, the company is seeking to raise up to 421.2 billion won ($318.3 million), with its market capitalisation expected to be up to 1.69 trillion won. The international bookbuilding will run from Aug. 28 to Sept. 15, while the domestic book will be open Sept. 11-15, Doosan Robotics' regulatory filing said. The company received approval for the IPO from the Korean bourse earlier this month. ($1 = 1,323.2200 won)Reporting by Ju-min Park; Editing by Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.

Persons: 1,323.2200, Stephen Coates Organizations: Korea's Doosan Robotics Inc, Doosan Robotics, underwriters, Korea Investment & Securities, Mirae Asset Securities, bourse, Thomson Locations: SEOUL, Korean

☆ Hedge fund Oceanwood offers 4.4% stake in Spanish bank Unicaja
▼ + stars: | 2023-08-01 | by ( ) www.reuters.com time to read: +1 min

The logo of Unicaja bank is seen on the facade of a Unicaja bank branch in Ronda, Spain, October 26, 2022. REUTERS/Jon Nazca//File PhotoMADRID, Aug 1 (Reuters) - British hedge fund Oceanwood Capital Management is selling up to 117 million shares in Spanish bank Unicaja (UNI.MC) via accelerated bookbuilding, equal to a 4.4% stake or more than half of its total holding, bookrunner BOFA Securities said on Tuesday. At Tuesday's closing price the stake on offer was worth around 124 million euros ($136.04 million). Oceanwood holds a 7.4% stake in Unicaja. Unicaja, which is controlled by Unicaja Banking Foundation with a 30% stake, bought smaller lender Liberbank in 2020 to create Spain's fifth-largest bank with around 110 billion euros ($121 billion) in assets.

Persons: Jon Nazca, Oceanwood, bookbuilding, BOFA, David Vaamonde Juanatey, Andrei Khalip, Barbara Lewis Organizations: REUTERS, Capital Management, Securities, BOFA Securities, Citigroup Global Markets, Unicaja Banking, Thomson Locations: Ronda, Spain, Spanish, Unicaja

☆ Saudi's Morabaha Marina aims to raise up to $83.4 million in IPO -statement
▼ + stars: | 2023-05-14 | by ( ) www.reuters.com time to read: +1 min

DUBAI, May 14 (Reuters) - Saudi Arabia's Morabaha Marina Financing Company said on Sunday it is seeking to raise up to $83.4 million in an initial public offering on the Tadawul (.TASI) exchange to strengthen its capital base and support future growth. The independent non-bank finance institution plans to sell a 30% stake, or 21.4 million shares, in a price range between 13 riyals ($3.47) and 14.6 riyals per share, implying a total offer size of 278.6 million riyals ($74.29 million) to 312.9 million riyals, it said in a statement. The final offer price is expected to be announced on May 21 following an institutional bookbuilding process. Net proceeds from the share sale will be used to strengthen the company's capital base to support future growth. Morabaha Marina Financing Company offers Sharia-compliant financial services to individuals and small and medium sized enterprises in Saudi Arabia.

☆ Italian private equity fund FSI fund raised Anima stake to 9%
▼ + stars: | 2023-02-21 | by ( ) www.reuters.com time to read: +1 min

MILAN, Feb 21 (Reuters) - Italian private equity fund Fondo Strategico Italiano (FSI) held 9% of Anima Holding as of Feb. 17, a regulatory filing showed on Tuesday, after beefing up an initial holding of just over 7% it built last week. Offering a premium of just 7.5% over the latest closing price, FSI reached only slightly more than its minimum target in the reverse ABB transaction. The filing showed FSI had then bought a further 1.7% stake on the market. Led by former Merrill Lynch banker Maurizio Tamagnini, FSI has not disclosed the reasons behind its investment in Anima. ($1 = 0.9376 euros)Reporting by Valentina Za, editing by Alvise Armellini and Keith WeirOur Standards: The Thomson Reuters Trust Principles.

☆ Financial investor buying up to 9% of Italian asset manager Anima
▼ + stars: | 2023-02-14 | by ( Valentina Za | ) www.reuters.com time to read: +2 min

An investor document seen by Reuters showed Mediobanca, which did not name the investor, was buying Anima shares through an accelerated reverse bookbuilding at 4.35 euros a share. At the top of the targeted range, the investment would total 135.7 million euros ($145.7 million) while the minimum stake would cost the buyer 105.7 million euros, Reuters calculations showed. The investor is Italian and is neither a bank nor an insurance firm, two people with knowledge of the matter told Reuters. Anima is Italy's biggest independent asset manager and has often been seen as a potential takeover target. Last year, French asset manager Amundi (AMUN.PA) emerged as the third-biggest investor in Anima with a 5.2% stake.

☆ After World Cup, Qatar sets sight on reviving its stock market
▼ + stars: | 2023-01-10 | by ( Hadeel Al Sayegh | ) www.reuters.com time to read: +3 min

Qatar, the world's top LNG exporter and recent host of the FIFA World Cup 2022, is turning its attention to diversifying its economy away from gas. That strategy includes building its equities market by opening it up to a wider investor base and introducing more listings. "Now that the World Cup has been successfully hosted, we can see the focus is shifting to other diversification areas," said Osama Ali, HSBC's head of global banking in Qatar. With a market capitalisation of about $158.2 billion, Doha's exchange is dwarfed in size by Abu Dhabi's $718.8 billion and Riyadh's $2.72 trillion. ($1 = 3.6580 Qatar riyals)Reporting by Hadeel Al Sayegh; editing by Jason NeelyOur Standards: The Thomson Reuters Trust Principles.

☆ Saudi Aramco's Luberef expects to raise up to $1.32 bln from IPO
▼ + stars: | 2022-12-04 | by ( Yousef Saba | ) www.reuters.com time to read: +2 min

DUBAI, Dec 4 (Reuters) - Saudi oil giant Aramco's (2222.SE) base oil subsidiary Luberef expects to raise up to 4.95 billion riyals ($1.32 billion) from its initial public offering, it said, if it prices at the top of a range announced on Sunday. Gulf issuers have raised about $16 billion through such listings this year, accounting for about half of total IPO proceeds from Europe, the Middle East and Africa, Refinitiv data shows. A minimum of 75% of the Luberef shares being sold will be offered to institutional investors, with bookbuilding getting underway on Sunday and running until Friday. Aramco owns 70% of Luberef and Saudi investment bank Jadwa Investment the remaining 30%. Saudi Aramco's record listing in late 2019, later boosted to total $29.4 billion in proceeds, was the world's largest IPO.

More than a dozen Chinese companies have unveiled plans to follow suit, according to exchange filings. The China-Switzerland Connect allows Chinese companies to raise capital by issuing and listing GDRs on Swiss bourse SIX. Swiss firms can issue Chinese Depository Receipts on the Chinese exchanges. She said UBS is also discussing with Chinese firms about listing in Frankfurt once rules are in place, so "our GDR mandates will keep coming". Despite the brighter prospects, deal sizes have been comparatively small, with Gotion's $685 million Swiss listing the biggest so far under the Swiss connect scheme.

☆ Credit Suisse sells stake in EIP venture to management
▼ + stars: | 2022-10-21 | by ( ) www.reuters.com time to read: +1 min

ZURICH, Oct 21 (Reuters) - Credit Suisse (CSGN.S) has sold its 30% stake in Energy Infrastructure Partners to EIP's managing partners, EIP said on Friday without giving any financial details. Energy Infrastructure Partners is a Swiss-based manager of large-scale renewables and energy assets. It said Credit Suisse will remain an important partner through vehicles serving Swiss pension funds. Credit Suisse earlier placed an 8.6% stake in Allfunds Group (ALLFG.AS) via an accelerated bookbuilding offering that raised 334 million euros ($326.2 million). Register now for FREE unlimited access to Reuters.com RegisterReporting by Michael Shields; Editing by Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.

☆ Credit Suisse sale of Allfunds stake raises 334 mln euros - bookrunner
▼ + stars: | 2022-10-21 | by ( ) www.reuters.com time to read: +1 min

ZURICH, Oct 21 (Reuters) - Credit Suisse Group AG (CSGN.S) has placed an 8.6% stake in Allfunds Group (ALLFG.AS) via an accelerated bookbuilding offering that was priced at 6.195 euros a share, raising 334 million euros ($326.2 million), a bookrunner said on Friday. The deal comes as Credit Suisse races to firm up asset sales that could limit the cash it needs from investors with just days to go before the bank unveils an overhaul. read moreThe Swiss bank's securitised products business from its investment bank is also up for sale, and it has launched a process that could include selling its U.S. asset management arm, a source told Reuters. Register now for FREE unlimited access to Reuters.com RegisterNegotiations on divestments will likely take until the last minute before the revamp is announced along with third-quarter results on Oct. 27. ($1 = 1.0239 euros)Register now for FREE unlimited access to Reuters.com RegisterReporting by Michael Shields and Noele IllienOur Standards: The Thomson Reuters Trust Principles.

Noua emisiune de eurobonduri a generat o cerere semnificativă din partea investitorilor instituționali internaționali, cu un registru de comenzi care a totalizat peste 1,5 miliarde USD chiar în perioada de bookbuilding. Ampla diversificare a cererii din partea investitorilor a fost dovedită prin participarea activă a unor administratori de active și fonduri de pe arena internațională. Emisiunea a primit conform așteptărilor rating „B” din partea Fitch Ratings și rating „B-” de la S&P Global Ratings. „Această nouă tranzacție instituie un nou reper în istoria tranzacțiilor Trans-Oil pe piața de capital, după tranzacția inițială din 2019. Mulțumim comunității internaționale de investitori pentru recunoașterea arătată performanțelor noastre consecvente și modelului nostru de afaceri consolidat.

Persons: Fitch, Jim Van Steenkiste Organizations: Banca, Banca Internațională de Investiții, Oil, Oil Group, Principal Group Locations: Europa continentală, SUA, Elveția, Orientul Mijlociu, Africa de Nord, Asia, Negre, and, Europei Centrale, Est, Europa, dunăreană

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