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IPO market stunned as £1bn float pulled

first_img whatsapp Wednesday 30 March 2011 8:57 pm whatsapp Share OMAN’S Renaissance Services was yesterday forced to pull its £1bn London flotation of Topaz Energy after investors failed to show enough appetite for the shares.The banks were due to price the issue before lunch-time but did not do so after it became clear things were not going as planned.“Renaissance has a firm sense of what the business is worth and feels that it will get the valuation it wants at some time in the future,” said one banking source.Topaz, a Dubai-based oilfield services company, was due to raise £311m to fund expansion plans and repay its debt. Advisers expect the group to try a London issue again in the near future once markets have settled. The Danish group ISS earlier this month pulled its flotation and the French group Lagardere postponed a sale of a 20 per cent stake in Canal Plus. Show Comments ▼ Tags: NULL Read This NextWATCH: Shohei Ohtani continues home run tear, Los Angeles Angels winSportsnautYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofBaked Sesame Salmon: Recipes Worth CookingFamily Proof’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof KCS-content IPO market stunned as £1bn float pulled last_img read more

Guinness Nigeria plc (GUINNE.ng) HY2020 Interim Report

first_imgGuinness Nigeria plc (GUINNE.ng) listed on the Nigerian Stock Exchange under the Beverages sector has released it’s 2020 interim results for the half year.For more information about Guinness Nigeria plc (GUINNE.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Guinness Nigeria plc (GUINNE.ng) company page on AfricanFinancials.Document: Guinness Nigeria plc (GUINNE.ng)  2020 interim results for the half year.Company ProfileGuinness Nigeria brews beer in Nigeria and packages and markets a range of international spirits, beers and ready-to-drink beverages. Well-known brands in its product range include Guinness Foreign Extra Stout, Guinness Extra Smooth, Malta Guinness and Harp Lager Beer. Brands in its Spirits range include Smirnoff and Gordon’s; brands in it beer range include Guinness, Harp, Dubic and Satzenbrau; and brands in its ready-to-drink range include Orijin and Malta Guinness. Guinness Stout was first exported to Sierra Leone in 1827 and became very popular across West Africa. Ikeja in Lagos, Nigeria was chosen in 1963 as the first location outside the British Isles to brew the iconic dark beer. Riding on the back of steady growth in markets for Guinness Stout and Harp Lager, Guinness Nigeria Plc now has 5 brewing plants in the country. Its head office is in Lagos, Nigeria. Guinness Nigeria Plc is listed on the Nigerian Stock Exchangelast_img read more