Spain prices Indra offer

Article Abstract:

Spanish state-controlled information technology firm Indra Sistemas priced its share offer on the evening of March 22 at E8.94 (US$9.75), valuing the entire 66.09% stake offered by government industrial investment arm Sociedad de Participaciones Industriales (SEPI) at E393m (US$429m). The initial price range set for the purpose of bookbuilding was E6.91-E8.89. The deal was seen in the marketplace almost as an initial public offer (IPO), as Indra's free-float in Madrid is less than 2% of the company's equity.

Spain, Information Systems, Indra Sistemas S.A.

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Kogas appoints advisers for sale

Article Abstract:

Korea Gas Corp. has hired consultants to advise on its plan to sell 27% of its shares to investors. The majority shares that account for 50.2% are currently owned by the central government, 35.5% by Korea Electric Power Corp. and 14.3% by local government. The proceeds will be used to finance a regasification terminal project.

South Korea, Strategy & planning, Gas Utilities, Natural Gas Distribution, Gas Production and Distribution, Korea Gas Corp.

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