World leader in nuclear power Areva has just finalised a limited recourse financing for SET (Société d'Enrichissement du Tricastin), which owns and runs the Georges Besse 2 uranium enrichment plant in Tricastin, southwest France, the first centrifuge-base enrichment plant in France.
Herbert Smith Freehills has advised UBS AG, Hong Kong Branch; Citigroup Global Markets Asia Limited; and CITIC Securities Corporate Finance (HK) Limited in relation to their role as the underwriters and joint sponsors of the Initial Public Offering (IPO) of Luye Pharma Group Ltd. ("Luye") and its listing on the Hong Kong Stock Exchange. The IPO raised US$764 million, making it the world’s largest pharmaceutical company IPO in three years.
Linklaters has advised the banks on a rights offering for Dufry AG, Switzerland. The rights offering is supposed to serve to finance a portion of the planned acquisition of the Nuance Group. Dufry expects to receive gross proceeds of approximately CHF 810 million. Linklaters has also advised the banks of the duty-free shop operator on the issue of mandatory convertible notes. The net proceeds of the issue are supposed to be used to fund in part the acquisition, as well.
The Firm represented the underwriters in the initial public offering in Hong Kong and Rule 144A/Regulation S offering by Tian Ge Interactive Holdings Limited (Tian Ge). Tian Ge offered an aggregate of 304,267,000 ordinary shares in the offering (before greenshoe) and raised gross proceeds of approximately HK$1.5 billion (US$192.8 million).
White & Case LLP has advised Goldman Sachs International, J.P. Morgan, Sberbank CIB and VTB Capital, as joint global coordinators and joint bookrunners, and Citigroup and Gazprombank, as joint bookrunners, on the follow-on offering by the Central Bank of Russia of shares in the charter capital of Moscow Exchange, Russia's largest securities exchange group.
It is the first domestic offering by a Russian issuer in 2014 to date and represents a transaction value of approximately US$469 million.
Dentons advises SMBC in the context of the AOT-LOA of the Institute for Radiological Protection and Nuclear Safety. On 7 July the Institute for Radiological Protection and Nuclear Safety signed a hire agreement with an option to purchase (LOA) with a project company called PPP PRISME.
Hogan Lovells has advised the African Export-Import Bank (Afreximbank) in relation to a 200 million-euro syndicated bridge financing facility for Cote d’Ivoire’s state-owned Port Autonome d’Abidjan (PAA) to enable the company expand facilities at the Abidjan Port.
Macfarlanes has advised the Castle Trust group in relation to the establishment of Castle Trust Direct plc's £1.5bn programme for the issuance of fixed and floating rate notes to be offered by Castle Trust as Fortress Bonds.
These bonds diversify the Castle Trust investment range and, together with their award winning house price trackers, enable them to meet increasing demand on the mortgage side of their business.
The Macfarlanes team was led by partner Rachel Kelly with tax advice provided by partner James McCredie.
DAC Beachcroft has advised Panmure Gordon and Cairn Financial Partners on the £10.5 million reverse takeover of leading DNA analysis company, Premaitha Health, by global investment group, ViaLogy.
Under the terms of the deal, Premaitha was readmitted to AIM on 4 July and raised £7.2 million through a successful placing.
Dentons banking and real estate teams jointly advised pbb Deutsche Pfandbriefbank and UniCredit Bank Austria AG on their €215 million senior facility to refinance the portfolio of five modern logistics parks located in the Czech Republic, Poland and Slovakia.
Dentons banking and real estate teams jointly advised pbb Deutsche Pfandbriefbank and UniCredit Bank Austria AG on their €215 million senior facility to refinance the portfolio of five modern logistics parks located in the Czech Republic, Poland and Slovakia.