Brisa finds offer 19 times subscribed
Article Abstract:
Brisa-Autoestradas de Portugal SA, a highway operator based in Portugal, stressed that Portugal's plan to sell a tranche of 7.9 million shares in the company is 19 times subscribed considering the retail portion. The company added that demand for the retail tranche had achieved 162 million shares, while sound demand was also viewed in the institutional tranche. The sale to international and domestic institutional investors marks the second stage of Brisa-Autoestradas' privatization. Once the 1.7 million shares on reserve are utilized, the world-wide offer is valued at approximately Esc160 billion, or $936 million, based on the company's closing share value on Nov. 5, 1998.
Comment:
Says Portugal's plan to sell a tranche of 7.9 mil shares in this co is 19 times subscribed considering the retail portion
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
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Sweden's 4.1% repo rate likely to remain for year
Article Abstract:
A survey conducted by independent research firm Prospera Research AB revealed that Sweden's securities 4.1% repurchase rate is likely to remain for the rest of 1998. According to the respondents of the telephone survey, made in behalf of the Swedish central bank, the existing repurchase price in Sweden is not expected to increase in the next three months. However, the respondents said that they expect the repo rate to register modest increases to reach 4.3% over the next two years. The respondents of the survey consisted of 63 Swedish and 29 international bond and money market partakers.
Comment:
Sweden: A survey reveals that country's 4.1% repurchase rate is likely to remain for the rest of 1998
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
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Newcastle United shares rally on takeover talk
Article Abstract:
Newcastle United PLC has reported an increased share price value by over 10% after reports of takeover negotiations of its UK-based league soccer club with an unspecified media-based company. Newcastle's shares rose to $1.46 or 85.5 pence per share, up by 9.5 pence. Telewest Communications PLC, a UK-based cable television company that has been rumored to have relations with Newcastle, however, denied that it is the company interested in acquiring the soccer club. Cable & Wireless Communications also refused to comment on the issue.
Comment:
Posts increased share price value by over 10% after reports of takeover negotiations of league soccer club w/ a media-based co
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
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Comment about this article or add new information about this topic:
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