FACTBOX-EMEA IPO pipeline-Nov 17
LONDON, Nov 17 (Reuters) - The following are initial public offerings in the pipeline for companies in the Europe, Middle East and Africa (EMEA) region, based on announced deals and Thomson Reuters data.
To submit entries for this diary, please contact Daisy Ku at +44 20 7542-5106 or daisy.ku@thomsonreuters.com.
ISSUER DATE COUNTRY PROCEEDS BOOKRUNNER
($ mln) =============================================================== CFAO Dec 3 France 1,350 BNP, SG
Calyon, GS
- French retail and luxury group PPR (PRTP.PA) is offering
31 million shares of CFAO at a price range of 24.80-29.00 euros
per share, about 50.39 percent of the share capital. Pricing is
expected on Dec. 2 and trading on Euronext Paris is due to start
on Dec. 3.[ID:nLH550728]
Yoox Nov 30 Italy 160 Mediobanca
GS -Italian online fashion retailer Yoox SpA is offering 18 million old shares and 6.24 million new shares at a price range of 3.60-4.50 euros per share. If a greenshoe option is taken up, 55.5 percent of the firm will be listed on Milan's main MTA market, the first since March 2008. [ID:nLH550728]
Hochtief Concessions Dec Germany 1,200 DB,GS,Citi
Barclays
-Hochtief (HOTG.DE) is preparing an IPO of its airports
division. It could be Germany's first major IPO since diesel
engine maker Tognum's 2.1 billion euros listing in 2007.
[ID:nL5480836]
Scan Energy Dec 10 Germany 300 HSBC,
SocGen,
Macquarie
- Danish energy operator Scan Energy aims to raise about 200 million euors to fund its projects in Italy and Poland. Analysts put a value of 500 million euros on the company.[ID:nLG649722]
Gartmore Q1 2010 UK TBA MS, Citi
-Private equity firm Hellman & Friedman, which holds a 50 percent stake in the fund management firm. The preparations reheat proposals from 2007 to float the asset manager for up to 1.5 billion pounds. Germany2 2010 Germany 400 DB
-The backers of shell company Germany1 plan to raise about 300 million euros in a new special purpose acquisition company (SPAC) on the Euronext Amsterdam bourse. Merlin Q1 2010 UK 3,300 Citi, GS
DB, UBS
Nomura
-Private equity firm Blackstone (BX.N) prepares to float
Merlin Entertainments, the second biggest theme park operator
after Disney, in early 2010. The offering could value the
business at around 2 billion pounds ($3.3 billion). Merlin owns
the London Eye, Madame Tussauds and the Sea Life centres. Dubai
International Capital owns 20 percent of the business.
Amadeus Q1 2010 Spain 3,000 GS, JPM,MS
-Travel reservations firm Amadeus, which was taken private in a 4.34 billion euros deal, is preparing for an IPO selling new and existing shares. The firm is controlled by BC Partners [BCPRT.UL] and Cinven [CINV.UL], with a combined 52.8 percent. Air France (AIRF.PA) owns 23.1 percent and Iberia IBLA.MC and Lufthansa (LHAG.DE) own 11.6 percent each. [ID:nLE362679]
Travelport Q1 2010 UK 2,000 UBS,DB
Citi
BarCap
- Blackstone Group (BX.N), which bought Travelport from
conglomerate Cendant Corp in August 2006 for $4.3 billion, has
filed to list Travelport on the London Stock Exchange to raise
around $2 billion.
Newlook Q1 2010 UK 1,500 TBA
-Fashion chain New Look, which is owned by Apax and Permira [PERM.UL], has not ruled out an IPO in 2010. It dropped an IPO in 2007 as investors balked at the 1.8 billion pound price tag. Pets at Home Q1 2010 UK 1,000 JPMC
-Private equity firm Bridgepoint [BRDG.UL] is eyeing a dual track process for pet food retailer Pets at Home while appointing JP Morgan Cazenove as the global coordinator to examine the options for an IPO for the 240-strong store chain. Medica Q1 2010 France TBA BNP,CS,RBS
-Buyout firm BC Partners [BCPRT.UL] has picked underwriters to prepare its French care-home group Medica for a first-quarter listing. BC Partner bought Medica at a valuation of 750 million euros in 2006. Acromas 2010 UK 3,300 TBA
-The owner of the AA roadside recovery and Saga insurance businesses generated a 13 percent increase in EBITDA to 547 million pounds in the year to Jan. 31. Lothian 2010 UK 500 ML, JPMC
-GLG Partners, a London-based hedge fund, plans to float a
new fund called Lothian on the London Stock Exchange (LSE.L) and
then acquire oil production assets worldwide.
Chr.Hansen 2010 France 1,500 TBA
-French private equity firm PAI Partners is considering selling a stake in Danish bioscience firm Chr.Hansen in an IPO worth as much as 1 billion euros. PAI partner Frederic Stevenin said bankers were studying the option but no decision had been made.[ID:nLG437912]
CSOB mid-2010 Czech TBA TBA
-Belgian banking and insurance group KBC (KBC.BR) plans to
float 40 percent of its Czech unit CSOB in Czech Republic before
mid-2010 to secure European Union approval for receiving state
aid.[ID:nLC129888]
K&H Bank mid-2010 Hungary TBA TBA
-Belgian banking and insurance group KBC (KBC.BR) plans to
float 40 percent of K&H Bank in Hungary for receiving state aid.
Belgian and Flemish regional governments have pumped 7 billion
euros into KBC.[ID:nLC129888]
Almutlak Q1 2010 Saudi TBA TBA
-Almutlak Trade and Industries, a Saudi-based automotive specialist, plans to sell 30 percent of its share capital in an IPO. [ID:nL497552]
PZU Q1 2010 Poland TBA TBA
-The biggest insurer in Poland may launch an IPO as early as February after a deal with Dutch insurer Eureko [EUREK.UL], Deputy Treasury Minister Zdzislaw Gawlik said on Oct. 2. Tauron mid-2010 Poland TBA TBA
-Poland plans to offer a 20 percent stake in the country's second largest utility. The combined offers of new and existing shares could be valued at up to 8 billion Polish zlotys ($2.8 billion) Life Healthcare 2010 S.Africa TBA TBA
-The owners of Life Healthcare, one of South Africa's biggest private hospital operators, are mulling pitches from banks to take the company public.[ID:nLS91477]
Deutsche Bahn 2010 Germany TBA TBA
-The German state railways dropped its IPO plan, which was due to be the country's biggest since 2000, due to adverse market conditions. Chief Executive Ruediger Grube hopes the IPO can be revived in 2010 or 2011. Ocado 2010 UK TBA TBA
-Ocado appointed Andrew Bracey, an experienced investment banker to replace Jason Gissing as finance director. The move was seen as a further step towards a market listing in 2010. The business has been independently valued at 440 million pounds.
Talanx 2010 France TBA TBA
-Talanx, Germany's third biggest insurance group, plans a listing in 2010. It had postponed its IPO earlier this year due to the financial crisis. The group, which competes with Allianz SE (ALVG.DE) and Munich Re AG's (MUVGn.DE) ERGO unit, owns a 50.2 percent stake in Hannover Re (HNRGn.DE), the world's fourth biggest reinsurer, and a 9.9 percent stake in Swiss Life Holding AG (SLHN.VX).
Ran Lojistik TBA Turkey TBA TBA
-The transportation firm said on May 28 that it had applied to sell a 25.2 percent stake in an IPO on the Istanbul Stock Exchange. The offering will increase the company's capital by 79 percent to 12.7 million lira ($8.2 million). DEPA 2010 Greece TBA TBA
-Greece has push back the planned flotation of its natural gas monopoly DEPA due to adverse market conditions, a senior government official said on July 16.
Athens Airport 2010 Greece TBA TBA
-Greece is re-examining a planned IPO of the Athens International Airport due to weak financial markets and a tourism slump.
Kosmo Energy TBA TBA TBA TBA
-Kosmos Energy is mulling raising $3-5 billion by selling
stakes in two oil blocks offshore Ghana, and the sale of a stake
in Kosmos itself. The Dallas-based oil explorer is part-owned by
private-equity firms Blackstone (BX.N) and Warburg Pincus
[WP.UL].
Svyazinvest TBA Russia TBA TBA
-The state-controlled telecoms giant may hold an IPO on Western bourses once its reorganisation is completed, its general director said on May 30. Orascom Telecom 2010 Egypt TBA TBA
-The mobile carrier on Jun 23 said it plans to list shares in two North African subsidiaries by early 2010. Tunisia's flotation will "happen definitely this year", while Algeria might happen in early 2010, according to its chairman Naguib Sawiris. Al-Baha Holding 2010 Saudi 267 TBA
-The company, which already raised 25 percent of its $533 million capital from its founders, is seeking to raise another 25 percent from local investors. Husain bin Dajam, its chief executive said the firm eyes an IPO by mid-2010.
RZD TBA Russia TBA TBA
-The state-owned rail transport monopoly is expecting an IPO no earlier than 2011, Vladimir Yakunin, chief executive of RZD told reporters on May 20.
Saudi Arabian TBA Saudi TBA TBA Airlines [SAUD.UL]
- The Shura Council on Jul 5 recommended an IPO for the flag
carrier instead of selling off its units piecemeal in a
privatisation.
RusHydro TBA Russia 3,000- TBA
(HYDR.MM) 5,000
-CEO Vasily Zubakin said it should not be a problem for Russia to reduce its stake in RusHydro to 51 percent, which could raise $3-$5 billion. Under Russian financial regulations, RusHydro can list no more than 14.7 percent of its shares on foreign markets. Uniastrum TBA Russia TBA TBA
-Bank of Cyprus BOC.CY(BOCr.AT) plans to list its Russian
unit Uniastrum on a Russian bourse within the next seven years,
the Cypriot group said on Jul 27. Uniastrum, which was acquired
by BOC in 2008, has a 220 branch network in Russia.
Bank of TBA Egypt TBA TBA
Alexandria
-The Egyptian government is mulling to sell its 20 percent stake in the formerly state-owned bank, which was privatised in 2006 with the sale of 80 percent to Italy's Intesa Sanpaolo.
Transdev TBA France TBA TBA
-French utility group Veolia (VIE.PA) is looking at ways to
combine its transport arm with Transdev to create a new European
travel firm that would seek a listing as soon as conditions
permit, Veolia said in a statement on June 9.
EuroChem TBA Russia TBA TBA
-Russian fertiliser maker EuroChem said in September 2009 that it plans an IPO in five years' time. *TBA - To be announced (Compiled by Daisy Ku; Editing by Jon Loades-Carter)
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