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Jul 4, 2016 1:45 EST

Dealogic ECM StatShot – Abertis’ $898m Sell-down First EMEA ABB After Brexit & Spanish Elections

iCrowdNewswire - Jul 4, 2016

 

 

 

 

Dealogic | ECM StatShot

 

Abertis’ $898m Sell-down First EMEA ABB After Brexit & Spanish Elections

 

On June 28, 2016, Obrascon Huarte Lain (OHL) sold a 7.0% stake in Spanish Transportation company, Abertis, via a $898m accelerated offering (ABB)*. UBS, Bank of America Merrill Lynch and JPMorgan were bookrunners on the deal. Following this transaction, OHL holds a 6.9% stake in Abertis

 

For additional analysis, please click here

 

Key highlights include:

 

6.8%

Average Discount on

EMEA ABBs

6.8% Average Discount for EMEA ABBs 2016 YTD

This is the third highest YTD average discount for EMEA ABBs on record, following 7.9% in 2009 and 7.0% in 2010

$1.9bn

EMEA Transportation

ECM Volume

$1.9bn EMEA Transportation ECM Volume in 2016 YTD

Volume for the sector is down 84% year-on-year ($12.5bn via 27 deals in 2015 YTD)

* Accelerated offerings (ABBs) include accelerated bookbuildings and bought deals

 

To access the ECM Statshot in full, please click here

 

 

 

Contact Information:

[email protected]

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