FACTBOX-EMEA IPO pipeline-Nov 17

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Tue Nov 17, 2009 6:18am EST

 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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