Equity Financing

Mitsubishi Motors to raise up to $2.3B in share sale, resume dividend payments

Mitsubishi Motors Corp., which was bailed out by other Mitsubishi companies almost a decade ago, seeks to raise up to ¥241.6 billion ($2.3 billion) in a share sale. The said proceeds will enable it to resume dividend payments for the first time in more than 15 years.

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Monte Paschi's cash call to be delayed until May 2014 - shareholders

Shareholders of Banca Monte dei Paschi di Siena SpA reportedly sided with main shareholder Fondazione Monte Paschi with regard to postponing the cash call until May of next year.

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Monte Paschi's Profumo to mull over a January resignation

A Reuters report said Alessandro Profumo, chairman of Monte dei Paschi di Siena, will be revealing his decision whether to stay or resign from his post at the Italian lender in a January meeting.

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Upcoming Monte Paschi meeting spurs tension on cash call

The intention of Monte dei Paschi di Siena's largest shareholder to postpone the planned cash call until the middle of next year has irked Profumo and chief executive officer Fabrizio Viola.

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Total sells 15% stake in Congo oil exploration and production unit to Qatar Petroleum International

Petroleum firm Total SA has put up for sale a 15% stake in its Congo oil exploration and production unit Total E&P Congo. The said holding was sold to Qatar Petroleum International for $1.6 billion.

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Costain Group Plc exits holding in three joint ventures to UK water firm Severn Trent

UK engineering solutions provider Costain Group Plc exited its minority stake in three joint ventures to publicly traded water utility Severn Trent Plc to raise investment funds and working capital.

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Japan to fund Fukushima decontamination via sale of government shares in Tokyo Electric Power Co.

The Japanese government will shoulder the decontamination costs from the 2011 Fukushima nuclear disaster through the sale of its shares in Tokyo Electric Power Co. Decontamination costs are estimated to reach ¥2.5 trillion.

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South Korean flag carrier Korean Air sells S-Oil stake, planes to raise KRW3.5 trillion

Korean Air, South Korea's flag carrier and largest airline, has put up for sale its shares in refiner S-Oil and 13 planes to raise KRW3.5 trillion. Proceeds from the deal will be used to pare its debt and provide aid to affiliate Hanjin Shipping Co.

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South Korea's LIG Insurance picks Goldman Sachs to advise on stake sale

LIG Insurance Co. has put up for sale a controlling stake of 20.96% in the South Korean non-life insurer to compensate investors for losses sustained after buying debt issued by its affiliate. It has hired Goldman Sachs Group to advise on the sale.

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Kraft Foods Group Inc authorizes stock repurchase worth $3 billion

A $3 billion share buyback program was authorized by Northfield, Illinois-based Kraft Foods Group Inc, the first after the firm turned independent in October 2012.

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Asian e-commerce firm iBuy seeks $37M in IPO

Leading Asian e-commerce company iBuy Group Ltd is raising $37 millionto pay for fund advertising and acquisitions in a fully underwritten initial public offering (IPO).

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AT&T plans to divest its wireline assets in Connecticut for $2B to Frontier

On Tuesday, AT&T agreed to sell its wireline assets in Connecticut to Frontier Communications for $2 billion in cash in order to fund the US phone company's ongoing massive network upgrades.

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Boeing Co increases company dividend, authorizes $10 billion share repurchase

Boeing Co has increased its quarterly dividend from $0.485 cents a share to $0.73 cents and have authorized a new $10 billion share repurchase in the next two to three years, Reuters reported.

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Australian agribusiness Ruralco to raise $25M through share offering

Australia-based agricultural firm Ruralco Holdings Ltd will raise $25 million for the company's growth through a fully underwritten institutional placement that prices its shares at $3.25 apiece.

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China Everbright Bank raises $2.6B in Hong Kong IPO

Chinese lender China Everbright Co raised $2.6 billion in its third attempt at a Hong Kong initial public offering (IPO) of 5.08 billion shares priced at HK$3.98 apiece.

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