Business Services Industry
Another record breaking year on the cards.
Australasian Business Intelligence, January, 2006
Jan 16, 2006 (The Australian Financial Markets Newsletter -
INSTO - ABIX via COMTEX) -- Bankers expect 2006 to be another record year for equity issuance in Australia. The strong
mergers market is forecast to produce record follow-on issuance, while the market will also benefit from Telstra's $A27 billion ($US2.04 billion) potential share sale. Two
huge initial public offers are due to be held in the first half of 2006: the New South Wales Government's contentious sale of its 58 per cent stake in the Snowy Hydro project; and the $A1.2 billion spin-off of the assets that Macquarie Bank bought from Dyno Nobel in 2004. Emeco, which is owned by Pacific Equity...
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