Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

BRIEF-National Australia Bank updates on demerger & IPO of CYBG

Published 18/01/2016, 02:33 pm
© Reuters.  BRIEF-National Australia Bank updates on demerger & IPO of CYBG
NAB
-

Jan 17 (Reuters) - National Australia Bank Ltd NAB.AX :

* Demerger & IPO of cybg -IPO marketing & proposed price range

* Is pursuing demerger of 75% of cybg to nab shareholders and a divestment of remaining 25% by IPO to institutional investors

* Says proposed IPO price range has been set at between 175 pence and 235 pence per cybg share

* Says final IPO price will be determined by IPO book-build process and is expected to be announced on 2 February 2016

* May elect not to proceed with IPO or to only proceed with a partial IPO, in which case nab will retain a shareholding in cybg

* Says range equates to a cybg market capitalisation of approximately £1.54 billion to £2.07 billion

* Source text for Eikon ID:nASX5WBvDC

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.