Hannes Snellman acted as counsel to Sanitec Corporation in the public takeover offer of the shares in Sanitec made by the Swiss competitor, Geberit. Sanitec has only been listed on NASDAQ Stockholm since December 2013. The total value of the offer amounts to SEK 9,700 million and the price represents a premium of 41.9 per cent compared to the volume-weighted average share price over the previous 30 calendar days. The offer has been well received by the market and the Sanitec share price has increased by 53 per cent during the morning.

Vinge advises Gränges AB (publ) in connection with the company’s listing on Nasdaq Stockholm.  Gränges is a leading global supplier of rolled products for the brazed aluminum heat exchanger industry. The Company develops, produces and markets advanced materials that enhance both production economy during the customer manufacturing process, as well as the performance of the final products, the brazed heat exchangers. Gränges’ vision is to help create smaller, lighter and more designable heat exchangers, to increase economic efficiency and reduce environmental impact.

Davis Polk advised Kosmos Energy Ltd. and funds affiliated with Warburg Pincus LLC and The Blackstone Group L.P. in connection with an SEC-registered secondary offering of 15,000,000 common shares by such funds as selling shareholders, for an aggregate price to the public of $140 million. Citigroup Global Markets Inc. was the underwriter of the offering.  

Gränges AB, a leading global supplier of rolled products for brazed aluminum heat exchangers, has announced the outcome of the initial public offering of the Company’s shares and the listing on Nasdaq Stockholm (the “Offering”). The Offering was over-subscribed and attracted strong interest, both from Swedish and international institutional investors as well as from the general public in Sweden and Norway.

The IPO of this major real estate company represents one of the largest IPOs on Oslo Børs in recent times. It is also the first privatization in many years.

Entra ASA and the Norwegian Ministry of Trade, Industry and Fisheries announced that they had launched the Offering and that Entra had applied for listing. According to the announcement, the shares of Entra are expected to be admitted to listing and commence conditional trading on Oslo Børs on 17 October 2014. 

Simpson Thacher recently represented the underwriter, Citigroup Global Markets Inc., in connection with a registered public offering of common shares of Kosmos Energy Ltd. A total of approximately $140.0 million in net proceeds was raised in the offering. Affiliates of The Blackstone Group L.P. and Warburg Pincus LLC received all of the gross proceeds from the offering.

Kosmos Energy Ltd. is a leading independent oil and gas exploration and production company focused on frontier and emerging areas along the Atlantic Margin.

A subsidiary of LEG Immobilien AG (“LEG”), acting as the buyer, and Deutsche Annington Immobilien SE (“Deutsche Annington”), acting as the seller, yesterday signed an agreement for a portfolio transaction for around 9,600 residential units and related employees in North Rhine-Westphalia by way of share deal. The total transaction volume amounts to €484m. Following antitrust approval, the closing of the transaction is expected by the end of October 2014.

Bird & Bird has successfully advised Gamma Communications plc on their initial public offering. The IPO sees the placing of 44,163,374 ordinary shares of 0.25p each at a price of 187 pence per share.  Upon admission, Gamma will have a market capitalisation of £165.2 million with estimated gross placing proceeds of £82.6 million. The placing was underwritten by Investec.

Slaughter and May is advising Nedbank Group Limited (Nedbank) on its US$493.4 million subscription for a 20% shareholding in Ecobank Transnational Incorporated (ETI).

Nedbank announced that it will subscribe for 4,512,618,890 new ETI shares for a total consideration of US$493.4 million. ETI is the leading pan African bank with operations in 36 countries in Africa and is listed on stock exchanges in Nigeria, Ghana and the Ivory Coast.

Simmons & Simmons is advising Powerflute Oyj (“Powerflute”), the Finland based paper and packaging group, on the re-admission of its shares on AIM as a result of entering into a conditional agreement with Stora Enso Oyj (“Stora Enso”) to acquire the shares and assets in Corenso United Oy Ltd, Corenso United (Deutschland) GmbH & Co KG, Corenso Edam B.V., Corenso France SAS, Corenso (UK) Ltd., Corenso Poland sp. z o.o.