MOSCOW, Sept 28 (Reuters) – Russia’s top shipping company Sovcomflot plans to sell a 15.5%-17% stake in new shares and raise around 42.25 billion roubles ($534 million) in an initial public offering (IPO) on the Moscow Exchange, the company and analysts said on Monday. Sovcomflot’s IPO comes at a...
IPO
On the wires: The IPO binge – ZIM, the next Ceva, a precursor for CMA CGM
“Zim has hired (…) three foreign investment banks (…). Any offering is likely to be conducted at a company valuation of $750 million, or even more for Zim.” – Globes, 24 August 2020.
In early 2007, at the height of the market and only a few months away from the credit crunch’s first symptoms, one of the worryingly ever-close-to-reality jokes in the City was that we had reached such a tipping …
The post On the wires: The IPO binge – ZIM, the next Ceva, a precursor for CMA CGM appeared first on Th...
https://theloadstar.com/on-the-wires-the-ipo-binge-zim-the-next-ceva-a-precursor-for-cma-cgm/
Supply chain radar: The Deutsche Bahn mess – farewell Mr Doll, it was short… and not very sweet
You might have missed some key bits of the story below – I did for well over a day – from Der Tagesspiegel, published only in German language last Friday night:
“Alexander Doll was considered a bearer of hope. Now he has to go. (…) The process illustrates the problems of the group (…). Doll, an experienced financial expert throws the towel after only one and a half years after attempting to rehabilitate one …
The post Supply chain radar: The Deutsche Bahn mess – farewell Mr Doll, it was short…...
Happy birthday radar: Premium – It’s only just begun…
It’s our birthday today at Premium – our first birthday, already!
Thank you, thank you, thank you all!
In a nutshell, we have learnt lessons. We have sometimes been right, sometimes been wrong, but as The Loadstar publisher, Alex Lennane, put it to me today:
“Premium has gone from strength to strength in its first year. While not always liking what they read, the major logistics companies recognise that its unique blend of …
The post Happy birthday radar: Premium – It’s only just begun… appeared...
https://theloadstar.com/happy-birthday-radar-premium-its-only-just-begun/
On the wires: CMA CGM IPO – Is the ‘right time’ approaching at last?
“CMA CGM takes a position in Wing to support the growth of an innovative urban logistics service dedicated to e-commerce.” – Reuters, 29 October.
Unrelated, but more important to get started with here, the fall and rise of the traded debts of CMA CGM across several maturities – 2021, 2022, and 2025 – has been inexplicable to many banking sources in the past few weeks.
Judging by the latest remarks I gathered, even …
The post On the wires: CMA CGM IPO – Is the ‘right time’ approaching at last?...
https://theloadstar.com/on-the-wires-cma-cgm-ipo-is-the-right-time-approaching-at-last/
On the wires: DB Schenker sale ‘upcoming’? Or is it just business as usual?
“Deutsche Bahn increased its debts in 2019 and the German rail company is now €3bn ($3.3bn) short of meeting its financial obligations, according to a report by the Federal Court of Auditors.” – Deutsche Welle, 13 September 2019.
When in mid-June Deutsche Bahn (DB) CEO Richard Lutz said that DB Schenker was “an integral part of our group portfolio” – essentially dismissing the divestment of the subsidiary – I pointed out that …
The post On the wires: DB Schenker sale ‘upcoming’? Or is it just...
https://theloadstar.com/on-the-wires-db-schenker-sale-upcoming-or-is-it-just-business-as-usual/
Napier Port Debuts on New Zealand’s Exchange
New Zealand’s Napier Port completes NZD 234 million IPO that would enable it to fund its long-term investment program.
https://worldmaritimenews.com/archives/281927/napier-port-debuts-on-new-zealands-exchange/
CSSC Shipping to Raise USD 277 Mn through Hong Kong IPO
CSSC (Hong Kong) Shipping will issue 1.534 billion new shares at a price of HKD 1.34 – HKD 1.42 per share.
SCF’s IPO Waiting for Better Days
Uncertain market conditions coupled with international sanctions against Russia have delayed SCF’s IPO.
https://worldmaritimenews.com/archives/268707/scfs-ipo-waiting-for-better-days/
Russia’s Sovcomflot IPO Hobbled by Weak Freight Markets
By Oksana Kobzeva MOSCOW, Jan 15 (Reuters) – Russian state-owned shipping company Sovcomflot said on Tuesday that uncertain conditions in the freight market are delaying its long-planned initial public offering (IPO). The Russian government has weighed a listing of Sovcomflot for years as part of...