Acea's IPO orders far exceed shares

Article Abstract:

Acea SpA received orders for 1.4 billion shares during its initial public offering (IPO). This was compared to an 92.8 million share offer. Acea is a electric and water utility company based in Italy. The company announced that it would place up to 33.4 million shares with small investors. Acea will also place 27,750 shares with local government entities, 14.8 million with professional investors in Italy, and 22.2 million with institutional investors overseas.

Comment:

Receives orders for 1.4 billion shares during initial public offering

Italy, Acea S.p.A.

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National Bank of Greece to buy Finansbank stake

Article Abstract:

National Bank of Greece is to purchase a 46 percent stake in Finansbank of Turkey for 2.3 billion ($2.79 billion). To pay for the acquisition, the National Bank of Greece is planning a 3 billion Euros rights issue. The National Bank of Greece is the largest bank in Greece and Finnansbank is the 5th largest bank in Turkey.

Commercial Banks, Acquisitions & mergers, Turkey, Banking industry, Mergers, acquisitions and divestments, Company acquisition/merger, National Bank of Greece S.A., Company overview

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Greek public power shares open 3% below IPO price

Article Abstract:

Public Power Corp. of Greece saw its shares being traded at 3% under its original price in its initial public offering (IPO). The company's IPO valued its shares at 12.70 euros per share.

Electric services, Energy industries, Energy industry, Going public (Securities), Initial public offerings, Public Power Corp.

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