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Deal Date: 25-10-2016 Practice Area: Equity Capital Markets
Deal Title: Remgro Rights Offering of New Ordinary Shares Industry: Food Producers
Description:
Davis Polk advised the underwriter, financial adviser and sponsor in connection with the underwritten renounceable rights offering of 48,110,637 new ordinary shares by Remgro Limited. The offering comprised a public offering in South Africa and private placements to institutional investors outside South Africa, including in the United States, and raised gross proceeds of approximately ZAR 9.3 billion (USD675 million).
Financial Center: London Value: 500.01-1000.00
Advised Party: Underwriter Law Firm
Issuer Jurisdiction-- South Africa Listing Jurisdiction-- South Africa
Classification: Rights Issues
Lawyer Paul Etienne Kumleben