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2OBINSONSû"ANKûISûhALSOûNOTûCLOSINGûITSû
doors on a prospective partnership with a
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)NûTHEû0HILIPPINES ûUNIVERSALûBANKSûAREû
allowed to engage in underwriting and
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ALLIEDûUNDERTAKINGSû
in addition to all other activities of
COMMERCIALûBANKS
2OBINSONSû"ANKûWILLûNEEDûTOûRAISEûITSû
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meet the capital requirements for a
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SOMEûEXAMPLESûOFûUNIVERSALûBANKS
CAL-COMP PHILIPPINES PLANS
MID-AUGUST IPO
Consumer technology company CAL-COMP
TECHNOLOGY PHILIPPINES is planning to launch
ITSû0SBNû53M û)0/ûINûMID
!UGUSTû
subject to investor demand, a person with
KNOWLEDGEûOFûTHEûTRANSACTIONûSAID
The company is meeting investors to
GAUGEûDEMAND
)NûTHEûPRELIMINARYûPROSPECTUS ûTHEû
COMPANYûSAIDûITûWOULDûSELLûMûSHARESûATûAû
MAXIMUMûPRICEûOFû0Sû4HEREûISûAûGREENSHOEû
OPTIONûOFûMûSECONDARYûSHARES ûWHICHû
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mOATûTOû
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+INPOû'ROUP
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DISKûDRIVES ûTELEVISIONS ûPERSONALûCOMPUTERS û
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BUSINESSûINûTHEû0HILIPPINES
BDO CapitalûISûTHEûISSUEûMANAGER
EUROPE/MIDDLE
EAST/AFRICA
BELGIUM
BELFIUS FLOAT AS SOON AS OCTOBER,
MINISTER SAYS
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OWNEDû
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THEûBANKSûTHATûWILLûRUNûTHEûDEALûHAVEûYETûTOû
BEûDECIDED ûHEûADDEDFRANCE
FFP OFFLOADS €63.8m OF ORPEA SHARES
IN ABB&&0 ûTHEû0EUGEOTûFAMILYSûHOLDINGûCOMPANY û
RAISEDûõMûINûANûACCELERATEDûBOOKBUILDû
on Thursday evening, when it disposed of
ûSHARESûINûRETIREMENTûHOMEû
company ORPEA
0RICINGûCAMEûATûõûPERûSHARE û
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UP
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ANDûWEREûCOVEREDûWITHINûûMINUTES ûAû
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funds dominated, balanced by long-only
ACCOUNTSûMETûTHROUGHûTHEûWALL
CROSSû4HEû
BOOKûWASûDOMINATEDûBYû5+ûANDû&RENCHû
MONEY
&&0ûlRSTûACQUIREDûSHARESûINû/RPEAûINû*ULYû
ûWHENûITûBOUGHTûûOFûTHEûCOMPANY û
INCREASINGûTHATûSTAKEûTOûûINû$ECEMBERû
The investment group disposed of the
SHARESûASûPARTûOFûAûSTRATEGICûREVIEW
/RPEAûSHARESûCLOSEDûONû&RIDAYûATûõ
Societe Generale WASûSOLEûBOOKRUNNER û
MANDATEDûONûANûAGENCYûBASISGERMANY
CONTINENTAL HINTS AT 2019 IPO OF
POWERTRAIN SPIN-OFFAuto parts supplier CONTINENTAL is set for a
major overhaul of its business structure,
WITHûEXECUTIVESûHINTINGûATûAûPARTIALûmOTATIONû
OFûITSûPOWERTRAINûDIVISIONûBYûMID
/NEûOFûlVEû#ONTINENTALûDIVISIONS û
POWERTRAINûLOOKSûAFTERûHYBRIDûANDûELECTRICû
drive systems, batteries and combustion
ENGINESû)TûGENERATEDûõBNûINûSALESûLASTû
YEAR ûûOFû#ONTINENTALSûTOTAL
As part of the rejig, powertrain will be
bumped up to one of three segments and
transformed into a stand-alone legal entity
WITHûAûNEWûNAMEû!ûPARTIALû)0/ûISûEXPECTEDû
TOûLAUNCHûBYûMID
ûALTHOUGHûTHEû
company said in a statement that control of
the powertrain business will not be
RELINQUISHEDûINûTHEûMIDûORûLONGûTERM)Nû#ONTINENTALSûPREVIOUSûEXCURSIONSûINTOû
European ECM, Goldman Sachs has been
SOLEûBOOKRUNNERûONûTHREEûSELL
DOWNSûBYû
3CHAEFmER ûRUNNINGûAûõBNûSALEûINû-ARCHû
ûOFmOADINGûAûõBNûSTAKEûWITHûCO
BOOKSû#OMMERZBANKûANDû5NI#REDITûINû
3EPTEMBERûûANDûAûûSTAKEûINû
3EPTEMBERûûTHATûTOTALLEDûõM
Developing solid state battery cell
technology for electric vehicles is on
POWERTRAINSûRADARû3OLIDûSTATEûTECHûISûANû
alternative to lithium-ion batteries used in
electric vehicles, being smaller, cheaper and
LESSûmAMMABLEûBUTûTHEûTECHNOLOGYûISûSTILLûINû
ITSûINFANCYû0OWERTRAINûWOULDûJOINûAûSLEWûOFû
auto companies such as Hyundai, Toyota
and Mercedes that already have their eyes
lRMLYûONûTHEûPRIZE
As well as opportunities in electric
VEHICLES ûTHEûCHALLENGEûOFûQUICK
PACEDûPOLICYû
CHANGESûREGARDINGûEMISSIONSûACROSSûKEYû
MARKETSûAREûCITEDûASûREASONSûBEHINDûTHEû
separation of powertrain and the ensuing
)0/û'IVENûTHEûUNITSûRELIANCEûONûSALESûOFû
diesel and petrol combustion engines, it is
particularly vulnerable to the rapid decline
of diesel engine sales in Europe, and being a
separate entity could help it to react more
mEXIBLYûTOûTHEûRAPIDLYûEVOLVINGûMARKETCONSUS RAISES €131m FOR GROWTH
PLANSDeveloper CONSUS REAL ESTATEûSECUREDûõMû
through a capital increase that brought in
many new investors with a view to building
LIQUIDITYûINûTHEûSTOCK ûINûADDITIONûTOû
providing funds for ambitious development
PLANS
The fundraising was structured as a rights
ISSUEûASûTHEûSIZINGûWASûWELLûBEYONDûAûû
CAPITALûINCREASE ûBUTûLEADûBANKSûRANûAûFULLû
)0/ûSCHEDULEûOFûPRE
MARKETINGûAHEADûOFû
SETTINGûTHEûPRICEûATûõûPERûSHAREûANDûTHENû
roadshows to help broaden the shareholder
REGISTER
The rights issue was therefore not
UNDERWRITTENûANDûHADûAûMAXIMUMûSIZEûOFû
õMûFROMûANûAPPROXIMATEûûCAPITALû
INCREASEû)NVESTORSûWEREûADVISEDûTHEûDEALû
WOULDûBEûSIZEDûTOûlTûDEMAND ûUNLESSû
OVERSUBSCRIBEDû!TûlNALûSIZING ûMûNEWû
SHARESûWEREûISSUED ûREPRESENTINGûAûû
CAPITALûINCREASE
4HEûPROCEEDSûWILLûHELPûlNANCEû
DEVELOPMENTSûANDûADD
ONûACQUISITIONSû
4HEûCOMPANYûHASûAûõBNûDEVELOPMENTû
pipeline from its focus on nine German
CITIESû)TSûMODELûSEESûDEVELOPMENTSûSOLDû
en masse, typically to insurers, ahead of
BREAKINGûGROUNDû&ORûEXAMPLE ûINû
$ECEMBERûûAûõMûFORWARDûSALEûWASû
agreed with a Bavarian insurer, with the
lRSTûõMûPAYMENTûTHENûRECEIVEDûINû
!PRILEQUITIES EMEA