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Sunrise confirms plans for IPO in H1
2015-01-14 07:56:00| Telecompaper Headlines
(Telecompaper) Swiss operator Sunrise has confirmed plans for an initial public offering of shares. The company plans to list on the Swiss Exchange in the first half of this year and raise around CHF 1.35 billion to help reduce its debt. The main offering will consist of new shares, while shareholder CVC will make shares available for a greenshoe option. The aim is to reduce the company's leverage to net debt of around 2.7 times EBITDA. Sunrise said the stronger the balance sheet will open the way for dividends and promised a pay-out of CHF 135 million for 2015. For the year 2014, Sunrise said it expects revenue and adjusted EBITDA were up 2-3 percent, supported by strong customer growth in the fourth quarter of 2014.
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Brazil airline Azul plans IPO in Sao Paulo and New York
2014-12-02 04:06:36| IT Services - Topix.net
Azul SA, Brazil's third-biggest airline, revived plans for an initial public offering in Sao Paulo and New York as it prepared to add the first of 75 Airbus jets and to begin flights to the United States. Azul plans to list preferred shares on the Level 2 chapter of the Sao Paulo Stock Exchange, and American depositary shares on the New York Stock Exchange, according to a filing with the U.S. Securities and Exchange Commission on Monday.
Tele Columbus plans IPO by year-end
2014-09-30 09:50:00| Telecompaper Headlines
(Telecompaper) Tele Columbus, Germany's third-largest cable operator, announced plans for an initial public offering by year-end. It plans to raise at least EUR 300 million to help reduce debt and provide cash for expansion. The IPO will be accompanied by a debt refinancing aimed at reducing interest expense and lowering net debt to around 3.5 times adjusted EBITDA. The offering on the Frankfurt Stock Exchange will include new shares and shares from existing shareholders. Active in east Germany, Tele Columbus has around 1.7 million households connected to its network. Since a propsoed merger with Kabel Deutschland was vetoed by regulators last year, Tele Columbus has been expanding through small acquisitions.
Jimmy Choo plans London IPO valuing shoe firm at $1.2 billion
2014-09-23 20:12:07| Footwear - Topix.net
An employee arranges a lady's shoe on display in a Jimmy Choo Ltd. store in London. The company plans to expand aggressively following its IPO.
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BTCL plans IPO in November
2014-09-23 15:20:00| Telecompaper Headlines
(Telecompaper) The initial public offering og Botswana Telecommunications Corporation Limited (BTCL) will be held on 07 November. Minister of Transport and Communication, Nonofo Molefhi said more information on the BTCL IPO will be shared through various platforms in due course. He said the ministry, privatization agency and BTCL will soon commence a programme aimed at educating the public on the BTCL IPO to ensure Botswanans participate in the historic event in large numbers, Biztech reported. He said this will see further details shared with both public and institutional investors on all aspects of the IPO. The government will offer 49 percent of BTCL's shares. A stake of 44 percent will be available for purchase by citizens and companies, and the remaining 5 percent will be retained for BTCL employees through an Employee Share Ownership programme.
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