Dealogic | ECM StatShot |
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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
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Key highlights include: |
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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
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