Wednesday 31, October 2018 by Kudakwashe

Bahrain’s APM Terminals plans to raise more than $30 million with IPO

 

The firm will offer 18 million shares, equivalent to 20 per cent of its issued share capital, at BHD 0.66 per share.

APM Terminals Bahrain plans to raise almost BHD 12 million ($32 million) through its planned initial public offering (IPO).

The offering will start on 8 November and will remain open until 24 November, the company's shares will start trading on 9 December 2018.

Bahrain's SICO is working as a lead manager, underwriter and market maker for the planned transaction.

Port operator, which has operated in the country for 12 years, is part of the Netherlands-based group APM Terminals, which is itself part of the Maersk Group, reported Reuters.

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