RPT-FACTBOX-EMEA IPO pipeline

Tue Jul 14, 2009 1:07pm EDT
 
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 LONDON, July 14 (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
+44207 5425106 or daisy.ku@thomsonreuters.com.
 
 
ISSUER          DATE           COUNTRY   PROCEEDS  BOOKRUNNER
                                         ($ mln)
 ==============================================================
 RusHydro          TBA            Russia    3,000-    TBA
 (HYDR.MM)                                  5,000
 -RusHydro, the world's second biggest renewable energy
producer, has listed 6 percent of the company as GDRs (HYDRq.L)
and its CEO said it should not be a problem for Russia to reduce
its stake 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.
 
 Saudi National   Jul 18-24       Saudi     640       Riyadh
 Petrochemical Co                                     Capital
 - The company will sell 240 million shares, representing 50
percent of its share capital, at 10 riyals ($2.67) each. Some 80
million shares will be allocated for the General Organization
for Social Insurance, and 80 million shares for the Public
Pension Fund. The remaining 50 percent will be held by Saudi
Industrial Investment Group 2250.SE

 National          Jul 17-Aug 28  Uganda    TBA       TBA
 Insurance
  - National Insurance Corp plans to sell the government 's
40 percent stake in an IPO after selling 60 percent share
capital to Nigeria's Industrial and General Insurance company in
2005.
 
 Al Mouwasat       Aug 15-21      Saudi     TBA       TBA
 Medical Services Co
 -The company, which owns hospitals and pharmacies, will sell
7.5 million shares, representing 30 percent of its capital.
 
 Al Alamiya        Oct 3-9        Saudi     16        Riyadh
                                                   Capital
 -Al Alamiya, which is part of insurance group RSA (RSA.L),
will launch its IPO by floating 30 percent of its equity
capital, or 6 million shares, at 10 riyals each.
 
 Buruj Cooperative Oct 3-9        Saudi     13.9      TBA
 Insurance Co
 -BCI is selling 5.2 million shares, or 40 percent of its
share capital, at 10 riyals ($2.67) each.
 
 Gulf General      Oct 3-9        Saudi     21.4      TBA
 Insurance
 -GGI is selling 40 percent of its share capital or 8 million
shares at 10 riyals each.
 
 Winkworth         Autumn         UK        TBA       TBA
 -Winkworth is a property agency that licenses its brand and
marketing services to independent agents. It was founded by
Siman Agace in 1975.
 
 London            Sept           UK        80        Matrix
 Residential Opportunities                            Corporate
                                                   Capital
 -LRO hopes to raise 50 million pounds through an IPO to
build to a total fund of 110 million pounds over the next two
years.
 
 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).
 
 Clinuvel          H2             TBA       TBA       TBA
 -Biotech company Clinuvel (CUV.AX), which is listed in
Australia, could list shares in Switzerland in 2009 as it hopes
the flotation would help selling a drug to treat sun
intolerance.
 
 Istikhlaf Bank    Q4             Bahrain   3,500     TBA
 -The lender will be listed on the Bahrain Stock Exchange and
Nasdaq Dubai. Adnan Ahmed Yousif, the chariman of the Union of
Arab Banks said there will be a private placement of $6.5
billion and a $3.5 billion IPO.
  
 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.
 
 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.
 
 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.

 New Look          2010           UK        TBA       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.

 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.

 Misr Insurance    2010           Egypt     TBA       TBA
 
 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.
 
  *TBA - To be announced
 (Compiled by Daisy Ku; editing by Rupert Winchester)

 

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