GE Capital placed a 57.5% stake in GE Money Bank via IPO on the Prague Stock Exchange
GE Capital has sold 57.5% of GE Money Bank via an institutional-only IPO on the Prague Stock Exchange, in a 100% secondary offering. Demand was led by a mix of international accounts and local names, with almost 65% of demand from the UK and USA investors, 17% generated by CEE-based accounts (notably strong participation of Czech and Polish investors) and another 14% from Western Europe. The offer price was set at CZK 68 (US$2.7) per share. The whole deal was significantly oversubscribed.
GE Capital, based in Wilmington, Delaware, is a subsidiary of General Electric (GE) and was a 100% shareholder of the company prior to the IPO. Following the IPO, GE Capital sold the remainder of its shareholding in Moneta Money Bank in line with GE’s strategy of exiting financial services.
Oaklins' team in the Czech Republic acted as a joint lead manager and listing agent for the offering.
Contáctese con el equipo de la transacción
Transacciones relacionadas
Xeros Technology Group has completed a placing, subscription and retail offer
Xeros Technology Group plc has raised funds to drive forward its commercialization strategy.
Aprenda másBanco Voiter and Banco Letsbank have been acquired by Banco Master
Banco Voiter and Banco Letsbank have been sold to Banco Master.
Aprenda másBank of Georgia Group PLC has acquired Ameriabank CJSC
Bank of Georgia Group plc (BOGG) has acquired Ameriabank CJSC, a leading universal bank in Armenia, significantly enhancing BOGG’s presence and growth opportunities within a fast-growing and attractive market.
Aprenda más