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Economy
In reply to the discussion: STOCK MARKET WATCH, Wednesday, December 14, 2011 [View all]xchrom
(108,903 posts)20. Commerzbank Spurs Most German Share Sales Since 2000 Bucking Global Trend
http://www.bloomberg.com/news/2011-12-13/commerzbank-spurs-germany-to-ecm-growth-bucking-global-decline.html
Commerzbank AGs 8.26 billion euros ($10.8 billion) of share sales this year propelled equity capital-market deals by German companies to the highest level since 2000, defying a worldwide decline. A backlog of initial public offerings means the trend may extend into 2012.
While the volume of stock, equity-linked and rights offerings dropped in the U.S., Japan, China, France and the U.K., German companies raised 24.3 billion euros this year, up 14 percent from 2010 and the most in more than a decade, data compiled by Bloomberg show. Globally, issuance fell 32 percent.
Europes biggest economy is forestalling the worsening debt crisis as business confidence unexpectedly rose for the first time in 10 months in December, and industrial production and retail sales climbed in October. Siemens AG (SIE)s lighting unit Osram AG and chemical company Evonik Industries AG are clinging to IPO plans after market turmoil postponed proposed share sales in the second half of 2011. The DAX Index has dropped 22 percent since the end of June.
Commerzbank AGs 8.26 billion euros ($10.8 billion) of share sales this year propelled equity capital-market deals by German companies to the highest level since 2000, defying a worldwide decline. A backlog of initial public offerings means the trend may extend into 2012.
While the volume of stock, equity-linked and rights offerings dropped in the U.S., Japan, China, France and the U.K., German companies raised 24.3 billion euros this year, up 14 percent from 2010 and the most in more than a decade, data compiled by Bloomberg show. Globally, issuance fell 32 percent.
Europes biggest economy is forestalling the worsening debt crisis as business confidence unexpectedly rose for the first time in 10 months in December, and industrial production and retail sales climbed in October. Siemens AG (SIE)s lighting unit Osram AG and chemical company Evonik Industries AG are clinging to IPO plans after market turmoil postponed proposed share sales in the second half of 2011. The DAX Index has dropped 22 percent since the end of June.
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