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Petronas IPO to raise $4.2bn at $1.69 a share

first_img Tags: NULL KCS-content Wednesday 13 October 2010 7:19 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldPeople-TodayWoman Files For Divorce After Seeing This PhotoPeople-Today whatsapp Sharecenter_img Malaysia’s Petronas Chemicals is likely to raise $4.2bn (£2.6bn) in Southeast Asia’s biggest ever IPO after setting an indicative price range for the float, analysts said.The unit of Malaysian state oil giant Petronas indicated at a briefing it is likely to price its IPO at 5.05 ringgit for retail investors and 5.20 ringgit ($1.69) for institutions, analysts said. However, a spokesman said the price range for the IPO has not been set.“A price range has not yet been determined and the information will be distributed through the proper channels when it has been set,” the spokesman said, adding the process was still very much in “its early days”.The IPO comes as Asian capital markets are seeing a flurry of multi-billion deals, helped by a flood of liquidity, low interest rates and strong economic growth. Petronas Chemicals’ IPO is set to exceed Maxis’ $3.3bn IPO last year and also raise more capital than the proposed listing of another Petronas-linked vehicle, Malaysia Marine and Heavy Engineering. Petronas IPO to raise $4.2bn at $1.69 a share whatsapp More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org Show Comments ▼last_img read more

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Betfan goes live in Poland

first_img Betfan has rolled out its gambling services in the Polish market, claiming to be the only with the online operator offering consumers in the country the chance to wager on a range of non-sporting events.Punters will have access to traditional sports betting and esports wagering, as well as a selection of bets on entertainment, media, politics, show business, economics and the weather.Betfan has said this diversified service means that it can offer more than 1.5m different bets every month.CEO Piotr Sienkiewicz said Betfan is keen to change the perception of bookmaker bets, with the operator setting a goal of becoming one of the top five betting brands in Poland – in terms of turnover – within the next three to four years.“We are not focusing solely on just sporting events and their results, we look closely to the surroundings and we try to offer our fans a variety of bets matching their various interests,” Sienkiewicz said.“With us you can bet on almost anything. In order to not to create additional barriers, we take on us payment of tax on games, and each new player can take advantage of the highest welcome bonus on the market, worth PLN 3,000.”Betfan becomes the 10th online gambling operator to go live in the regulated Polish market. The launch comes six months after it secured a licence from the country’s Ministry of Finance.Last year, Betfan was one of a number of operators that were awarded licences, along with the likes of Typiko and Traf Zakłady Wzajemne, a subsidiary of state-owned gaming operator Totalizator Sportowy.Cherry, Betclic Everest, Totalbet, and Ewinner also secured licences in 2018.Betfan is managed by a team of experienced industry professionals, with chief executive Sienkiewicz previously working at Polish bookmaker forBET and Totolotek, the Intralot sports betting subsidiary acquired by Gauselmann Group in March this year. Its head of IT Jarogniew Muszyński also worked for the two operators, while operations chief Grzegorz Kiczko also spent time working for Totolotek. Regions: Europe Central and Eastern Europe Poland Subscribe to the iGaming newsletter Topics: Esports Sports betting Betfan goes live in Poland AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Betfan has rolled out its gambling services in the Polish market, claiming to be the only with the online operator offering consumers in the country the chance to wager on a range of non-sporting events. 17th May 2019 | By contenteditor Tags: Online Gambling Esports Email Addresslast_img read more

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