Koc hopes changes boost share offer

Article Abstract:

Koc Holding AS has taken aggressive moves to generate interest in its public offering where it hopes to raise around $258 million. Accounting changes, entry into new sectors and departure from unexciting ventures are among the steps taken by the biggest industrial conglomerate in Turkey to further its growth. The 1.388 billion ordinary shares being offered consist of 1,249,450,000 new shares and 138,550,000 existing shares, that are sold by the Koc family. Koc has $3.35 billion market capitalization considering Monday's closing price of 56,000 Turkish lira (21 US cents).

Comment:

Has taken aggressive moves to generate interest in its public offering where it hopes to raise around $258 million

Financial Holding Companies, Offices of Bank Holding Companies, Turkey, Koc Holding AS

---

SES sets price of $160 a share for its IPO

Article Abstract:

Societe Europeene des Satellites (SES), a satellite operator based in Luxembourg, has fixed the price of its initial public offering at 6,000 Luxembourg franc, or $160, a share, putting the value of the company at 223.4 billion francs. The company, which is the biggest satellite operator in Europe serving over 70 million households, will offer 6.2 million fiduciary depositary receipts at the Luxembourg Stock Exchange. SES said that the aim of the IPO is not to raise money but to provide shareholders liquidity.

Comment:

Fixes the price of its initial public offering at 6,000 Luxembourg franc, or $160, a share

Satellite Communications, Satellite Telecommunications, Luxembourg, Societe Europeenne des Satellites

---

Sogecable sets price of IPO at 23.50 euros

Article Abstract:

Sogecable SA has established the share price of its initial public offering (IPO) at 23.50 euros. This is according to CNMV, the regulatory commission of Spain. Sogecable is a subsidiary of Canal Plus SA of France. Sogecable will begin its IPO, which entails the sale of 21.09 million shares, on July 21, 1999. Under the IPO, the company will be selling approximately 22% of its shares.

Comment:

Establishes share price of initial public offering (IPO) at 23.50 euros

Spain, Direct Broadcast Satellite TV Providers, Cable and Other Program Distribution, Securities, Direct broadcast satellite television industry, Satellite television, Satellite television industry, Sogecable S.A.

Similar abstracts:

• Abstracts: developers rush to sell projects price of flats cut by 25% FlaTS WORTH hk$17M TO BE GIVEN AWAY IN SALESPUSH
• Abstracts: Facing enhanced rivalry. Seoul plans privatizations. China mourns over its puppet journalists...
• Abstracts: Sweden's AssiDomaen plans to spin off forest assets sooner than expected
• Abstracts: L'avenir d'Alstom Acec Energie/ ACEC Transport devrait profiter du TGV australien Royal Life d bute/
• Abstracts: RadioMobil offers Internet telephony. Slovak ambition. Books Online signs deals with Internet providers

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.