NON-IPOS
- From: Vol 13, Issue 1 (January 2012)
- Category: Need to know
- Country: Australia, Israel, Netherlands and United Kingdom
- Related Companies: ACWA Services, Bluewater Bio, Gulf Capital, Hyflux, Marubeni, Metito, Osmoflo and Paques
Middle East contractor and developer Metito has said it is now unlikely to pursue an IPO in 2012, citing market instability.
It is just a short few months since the company seemed committed to a f lotation, but market conditions are not good for water IPOs outside America at the moment. Fortunately the company is relatively under-leveraged, and always has the option of turning to the debt markets, although its private equity backer, Gulf Capital, may be getting impatient.
Dutch biotechnology ...
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