RPT-FACTBOX-EMEA IPO pipeline
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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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