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Banking & Finance - Capital Markets: Equity

Heuking Kühn Lüer Wojtek advises IKB on DEAG’s debut bond issue

31 Oct 2018

As sole lead manager, IKB Deutsche Industriebank AG accompanied the successful placement of a EUR 20 million corporate bond of Deutsche Entertainment Aktiengesellschaft (DEAG). A team led by Dr. Thorsten Kuthe, Partner at Heuking Kühn Lüer Wojtek, legally advised the bank. Offering an annual coupon of 6%, the bond is listed on Frankfurt Stock Exchange’s Open Market. The bond was placed with a wide range of institutional investors primarily from Germany, but also from Luxemburg and Switzerland.

Dentons assisted Lithuanian organic food producer in the secondary public offering of shares

30 Oct 2018

Dentons and the Lithuanian law firm TGS advised the Auga Group, Europe's largest organic food producer operating on the "from field to shelf" model, on a secondary public offering of shares and their listing on the Warsaw Stock Exchange. At the same time, the company's shares were admitted to trading on the Vilnius Stock Exchange.

Dentons' advisory services included the preparation of the Polish parts of the prospectus and other transaction documents.

Clifford Chance advises banking consortium on Qingdao Haier's IPO on German-Chinese stock exchange platform Ceinex

26 Oct 2018

International law firm Clifford Chance advises a banking consortium led by Deutsche Bank AG on the IPO of Chinese household appliance producer Qingdao Haier on the German-Chinese stock exchange platform Ceinex (China Europe International Exchange) in Frankfurt. Qingdao Haier has so far only been listed on the Shanghai Stock Exchange SSE with so-called A-shares and is thus the first company to seek a second listing on the D-shares market since Ceinex was founded in 2015. The D-Shares of the Company are expected to start trading on 24 October 2018.

Linklaters advises Qingdao Haier on first secondary listing on CEINEX D-Shares Market

26 Oct 2018

Linklaters advised Qingdao Haier, the world’s number one household appliances manufacturer, on their secondary listing on the D-Shares Market of the China Europe International Stock Exchange AG (CEINEX). This listing marks the first IPO in the CEINEX D-Share Market, and Qingdao Haier the first company to do so.

Knorr-Bremse AG's EU3.87 Billion IPO

25 Oct 2018

Cravath, alongside Hengeler Mueller, represented Knorr-Bremse AG in connection with its EU3.87 billion initial public offering of bearer shares. Knorr-Bremse AG is a leading manufacturer of brake systems and a supplier of additional safety-critical sub-systems for rail and commercial vehicles. The shares were listed on the Frankfurt Stock Exchange. The transaction closed on October 16, 2018.

The Cravath team included partner Philip J. Boeckman and associates Yannick Adler, Ingo M. Berner and Brian T. Bodensteiner.

King & Wood Mallesons advises Qingdao Haier on its D-share listing in Frankfurt, marking the first “A+D” dual-listing deal

25 Oct 2018

King & Wood Mallesons (“KWM”) advised Qingdao Haier Inc. (“Qingdao Haier”, SSE: SH600690, CEINEX: 690D) on its IPO and listing on the D-Share Market of China Europe International Exchange (“CEINEX”). In its global offering, Qingdao Haier issued 265 million shares (before exercising over-allotment) at a price of EUR 1.05 per share. Qingdao Haier is the first Chinese public company to directly float its shares on Frankfurt Stock Exchange.