US Solar Fund seeks the London Stock Exchange IPO sun, VW may sell a smaller stake in Traton, Danaher Corp plans IPO for its dental business…
Julian Bosdet
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US Solar Fund PLC is looking to have an IPO on the London Stock Exchange’s Main Market next month to raise US$250 million, according to the London Stock Exchange website. The Company is primarily focussed on the solar panel sector in the US, which is expected to grow in the US and globally, as 41 per cent of global electricity could be generated by solar by 2050. Fidante Capital is advising the Company on the deal.
Volkswagen (VW) may sell a smaller stake in the IPO of its trucks unit, Traton, if markets are affected by Brexit, reports the New York Times. It is still looking to sell a 25 per cent stake in the Company, which could raise up to €6 billion, but this could change next month as VW will start the IPO process then. JP Morgan, Goldman Sachs, Deutsche Bank and Citi are all advising VW on the deal.
Medical equipment maker Danaher Corp is planning an IPO of its dental unit to sell close to 20 per cent of the business, reports the New York Times. This comes after the Company bought GE’s pharma business for ￡16.4 billion.
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