Equity Financing

Monte Paschi poised for showdown with top investor over cash call delay

Monte dei Paschi di Siena's board has opposed a proposal by its top investor to push back a €3 billion cash call to May next year. Monte Paschi's largest shareholder earlier threatened to vote against the impeding capital increase.

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Polish lender Alior Bank raises USD151 million in share sale

Poland-based lender Alior Bank SA sold 6.38 million of its shares yesterday at PLN73 apiece to raise PLN 464 million (USD151 million) for its expansion.

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KKR agrees on restructuring agreement for ATU

Private equity firm KKR agrees to a restructuring deal for Germany-based car repair chain Auto-Teil Unger or ATU through a debt-for-equity swap with the latter's main creditors.

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Dubai state fund acquires Atlantis hotel for undisclosed sum

Dubai state fund Investment Corp of Dubai (ICD) announced on Thursday that it has purchased the Atlantis hotel from a Dubai World unit for an undisclosed amount.

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Bankrupt Detroit's art assets value up to USD866 million - Christie's

Auction house Christie's said the value of the 2,781 works collection fully and partially-owned by the Detroit Institute of Arts (DIA) was around the USD452 million to USD866 million range.

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India's Airtel raises EUR750 million in bond issue

India-based mobile operator Bharti Airtel has raised EUR750 million in a bond issue that received bids worth EUR3.8 billion. The bond issue aimed to refinance the company's existing debt.

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Shui On exits Taipingqiao project to China Life Insurance Group

Real estate major Shui On Land Ltd. is divesting its entire stake in the company that operates the Taipingqiao project in Shanghai for USD545 million. The Chinese property company is selling its assets to repay debt and improve its financial position.

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US tech giant Microsoft raises USD8 billion in combined dollars-euros bond offering

Washington-based tech company Microsoft Corp sold a record offering of USD8 billion of bonds in dollars and euros to fund general corporate purposes, according to regulatory filings today.

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Ryanair won't take part in Alitalia cash call

Ireland's Ryanair on Tuesday announced that it won't participate in Italian airline Alitalia's EUR300 million emergency cash call. Other carriers including Lufthansa, Etihad Airways, Aeroflot and Alitalia shareholder Air France-KLM have also turned down the deal.

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Brisbane firm Blue Sky to raise USD25.59 million through share sales

Brisbane-based private equity fund manager Blue Sky Alternative Investments Ltd plans a USD25.59 million fundraising by the end of 2013 through a series of share sales.

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Versace valuation as over the top as its clothing - NYT

An article published by the New York Times said that the Versace deal may not please investors. Versace valued itself at over EUR1 billion (USD1.36 billion), which is 14 times its current-year EBITDA at EUR70 million.

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Top deals of the day - bids, mergers and acquisitions

The following bids, mergers, acquisitions and disposals were reported on tuesday including Adcock Ingram, Energa, Nordea Bank, Alitalia, Ben Venue, TIM Participacoes, Douglas, Mercator, Novartis, OncoMed, Kerning and Malaysia Airports

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ThyssenKrupp's USD1.2 billion share sale not enough for turnaround - analysts

Analysts thought that ThyssenKrupp latest fundraising efforts, which was a USD1.2 billion share sale, was not enough to turn the company around from its dire financial straits.

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Johnson & Johnson raises USD3.5 billion in six-part bond sale

Top credit ranking Johnson & Johnson reportedly sold USD3.5 billion in a six-part bond issue, its first offering in the last two years. Proceeds from the deal will be used to pay the health care product manufacturer's outstanding debt.

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Qantas chief rules out capital raising for Australia's national carrier

Alan Joyce, chief executive of Qantas Airways Ltd, has ruled out Australia's national carrier raising fresh capital to compete with arch-rival Virgin, saying the airline still has a lot of flexibility.

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