Thule Group AB (publ) has been admitted to trading on Nasdaq Stockholm on 26 November 2014. The offering price was set at SEK 70 per share, corresponding to a market value of all shares issued by Thule Group of SEK 7.0 billion.
Norton Rose Fulbright has advised Hamburg based Berenberg Bank as sole global coordinator and sole bookrunner in the context of the private placement of a block of shares of Vossloh AG. The founding family of the rail engineering group placed 22 percent of their shares with institutional investors in an international private placement procedure. The shares were sold at a price of 68 euros per share and generated an income in the amount of 200 million euros for the founding family. The placement was concluded on November 27, 2013.
Clifford Chance Hong Kong has advised Hengshi Mining Investments Limited (Hengshi Mining) on its approximately US$143 million (HKD1.11 billion) global offering and listing on the Main Board of the Stock Exchange of Hong Kong.
Hengshi Mining is an iron-ore mining and processing company based in Hebei Province, the province with the largest steel production and iron ore consumption in China. The Company sold a total of 375 million shares at HKD3.20 each. Hengshi Mining started trading in Hong Kong on Thursday, 28 November 2013.
Burges Salmon, one of the leading law firms in the UK, has advised specialist clay brick and tile manufacturer, Michelmersh Brick Holdings plc, an AIM quoted company, on its placing to raise approximately £10 million by way of a placing of 22,222,222 new ordinary shares at 45 pence per share which is conditional on shareholder approval at a general meeting to be held on 16 December 2013.
The placing was arranged by Cenkos Securities plc and is on a non pre-emptive basis to existing and new institutional investors, and admission is proposed to occur on 17 December 2013.
DLA Piper has advised Entrecampos Cuatro, SOCIMI S.A. on the admission to trading on the Alternative Stock Market (Mercado Alternativo Bursátil - MAB). This is the first time in Spain that shares from a company investing in the real estate market (SOCIMI) have been allowed to trade.
A recent reformation of laws has resulted in this kind of transaction now becoming legal, and a number of companies in Spain have consequently registered and are in the process of preparing their future listing on the MAB.
Freshfields Bruckhaus Deringer has advised a consortium of underwriters on the listing of the YuanShengTai Dairy Farm Limited IPO, which commenced trading on the Hong Kong Stock Exchange today.
The final offering amount is US$423m for the issuer and selling shareholders.
Freshfields advised the underwriters – a consortium of Credit Suisse, Macquarie and China Securities International – on both the United States and Hong Kong aspects of the listing.
Ashurst has advised UBS and DBS in connection with the US$180 million Hong Kong initial public offering of China Pioneer Pharma Holdings Limited. Pioneer Pharma is a leading marketing and promotion services provider for imported pharmaceutical products with a distribution network that covers over 7,500 hospitals and 40,000 drugstores in China.
UBS acted as sole global coordinator and sole sponsor in connection with the transaction, and UBS and DBS acted as joint bookrunners and joint lead managers.
Herbert Smith Freehills partner, Justin O’Farrell, and Executive Counsel, Lauren Magraith, led the team, assisted by partners, Robert Bileckij and Philip Podzebenko.
“The placement was well supported”, O’Farrell said “and places Abacus well to take advantage of acquisition opportunities in 2014. The placement again indicates the level of investor demand for Australian property assets and the flexibility for listed REIT’s as prices have traded up to NTA”.
Davis Polk advised Qunar Cayman Islands Limited (Qunar) on its SEC-registered initial public offering of 12,777,650 American depositary shares (ADSs), representing 38,332,950 Class B ordinary shares of Qunar, at $15 per ADS. The initial public offering included 1,666,650 ADSs purchased by the underwriters pursuant to an over-allotment option. The total proceeds from the initial public offering was $191.7 million.
Davis Polk advised Citigroup Global Markets Inc. as the underwriter in connection with an SEC-registered block trade of 15,000,000 ordinary shares of LyondellBasell Industries N.V. by funds affiliated with Apollo Management Holdings, L.P. The net proceeds of the offering to Apollo were approximately $1.1 billion. The ordinary shares are listed on the New York Stock Exchange under the symbol “LYB.”