Corporate Finance DEAL Information


Rio Tinto Plc, England

Value (£M) - 9248.0

Rio Tinto Plc, London, England, explorer for and extractor of minerals, is planning a rights issue whereby it will offer 21 new shares for every 40 existing shares held, at a price of 1400p per share, representing a discount of 38.2%. Rio Tinto Ltd, Melbourne, Australia, explorer for and extractor of minerals, will also offer 21 new shares for every 40 existing shares held, at a price of AU$28.29 (GB£13.92) per share, a discount of 47.2%. The group expects to raise a total of US$15.2bn (GB£9.25bn). The shares are expected to be admitted between 17 June and 24 June. Further details not disclosed.


Barclays Plc, England

Value (£M) - 3500.0

International Petroleum Investment Company (IPIC), Abu Dhabi, United Arab Emirates, investor in oil and petrochemical companies, disposed of certain of its interests in Barclays Plc, London, England, the banking group. PCP Gulf Invest 1 Ltd, a wholly-owned subsidiary of IPIC, which held 9.75% mandatorily convertible loan notes, disposed of 1.3bn shares of Barclays Plc, for which the MCNs were convertible via an accelerated bookbuild, raising approximately GB£3.5bn.


Bishops Square, England

Value (£M) - 445.0

The Oman Investment Fund, a property investment fund controlled by the government of the Sultanate of Oman, acquired a 75% stake in Bishops Square, London England, an office and retail development, from Hammerson Plc, London, England, developer of and investor in property. Consideration GB£445m in cash.


company    |    services    |    solutions    |    contacts
Copyright © Dmigroup, 2002 - 2014. Privacy Policy