Tuesday 30, October 2018 by Kudakwashe

CBB approves APM Terminals Bahrain IPO


APM Terminals announced the appointment Bahrain's SICO to arrange the IPO earlier this month.

The Central Bank of Bahrain (CBB) said that it has an initial public offering (IPO) by APM Terminals Bahrain.

The port operator plans to list 18 million existing shares, equivalent to 20 per cent of the issued share capital and the registration of the prospectus in relation to the offering and listing of the shares.

The prospectus will be made available by APM Terminals in due time prior to the commencement of the offering period and it contains relevant information that the investor may seek prior to making an informed investment decision, according to local newswire, Bahrain News Agency.

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