10 Updates

UPDATE 3-Kcell shares trade higher after float raises $525 mln

Source: CNBC, Dec 12 2012, 8:41am CST

ALMATY, Dec 12 (Reuters) - Kcell shares traded above their issue price on their market debut after Kazakhstan's largest mobile phone operator raised $525 million for Nordic parent TeliaSonera . The flotation of a 25 percent stake in Kcell ...

Continue reading on: CNBC

 
 
Update
10

43 minutes ago

UPDATE 1-Sweden raises $3 bln in Nordea stake sale

Source: Reuters.co.uk  |   Jun 19 2013, 3:15am CDT

* Sweden sells 260 mln ordinary shares for 75 crowns each * Size of sale is equal to 6.4 percent of outstanding shares (Adds details, context) STOCKHOLM, June 19 (Reuters) - Sweden has sold nearly half its remaining stake in Nordea, the ...

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Update
9

1 hour ago

Games maker King.com eyes US flotation

Source: The Telegraph  |   Jun 19 2013, 2:51am CDT

The London company, whose Candy Crush Saga is the most popular game on Facebook, has appointed JP Morgan, Credit Suisse and Bank of America as advisers. A float is likely to go ahead within the next 18 months. The ...

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Update
8

26 weeks ago


Quote:
"Moreover, the deal took place at a year-end, when investors are not inclined to take extra risks ... The shares are rising on the secondary market, which also underscores interest in the company and the deal."


Source: CNBC

 

Latest Business News

 
Update
7

11 hours ago

Cameron will visit Kazakhstan despite dubious record

Source: GulfToday.ae  |   Jun 18 2013, 4:34pm CDT

LONDON: Prime Minister David Cameron is to pay a two-day visit to Kazakhstan at the end of this month despite the country’s chequered human rights record. It would be the first time that a serving British prim ...

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Update
6

17 hours ago

UPDATE 2-Russian coal miner Sibanthracite says plans London IPO

Source: Reuters.co.uk  |   Jun 18 2013, 10:15am CDT

* Could raise up to $200 mln from 25 pct stake - sources * Plans to raise stake in global anthracite market to 17 pct MOSCOW, June 18 (Reuters) - Russian niche coal miner Siberian Anthracite plans to list its shares in London and could raise up ...

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Update
5

18 hours ago

Foreign investors call on Kazakh gov to ease visa rules

Source: Silk Road Intelligencer  |   Jun 18 2013, 9:36am CDT

News >> British PM David #Cameron to make 2-day trip to #Kazakhstan. First British PM to visit Kazakhstan News >>#Kazakhstan wants to produce 50% of its power through alternative energy by 2050. Read our ...

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Update
4

18 hours ago

Lekoil to buy $30 mln stake in Nigeria oil field

Source: Reuters Mobile  |   Jun 18 2013, 9:09am CDT

LONDON, June 18 (Reuters) - Newly-listed Lekoil has agreed to buy a 6.5 percent stake in an oil field off the coast of Nigeria for $30 million amid signs of growing investor appetite for its plan to back Nigerian assets, the company said on Tues ...

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Update
3

22 hours ago

Kazakh Woman Jailed For Preparing Stepson For Suicide Bombing

Source: Radio Free Europe  |   Jun 18 2013, 5:53am CDT

ATYRAU, Kazakhstan -- A court in Kazakhstan's western city of Atyrau imposed a seven-year prison term on a young woman for preparing her 12-year-old stepson to become a suicide bomber. After a trial that was held behind closed doors, the 18- ...

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Update
2

1 day ago

UPDATE 1-Kazakh bank Halyk to sell pension fund for cash, not shares

Source: Reuters  |   Jun 18 2013, 3:23am CDT

* Halyk rules out share swap option proposed by government * Says may purchase BTA, depending on its valuation (Adds quotes, detail, background) ALMATY, June 18 (Reuters) - Kazakhstan's Halyk Bank , the central As ...

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Update
1

1 day ago

Kazakh bank Halyk says to sell its pension fund by year-end

Source: Reuters  |   Jun 18 2013, 2:04am CDT

ALMATY, June 18 (Reuters) - Kazakhstan's Halyk Bank , the Central Asian nation's largest lender by assets, expects to sell its pension fund by the end of this year, board Chairman Alexander Pavlov said on Tuesd ...

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