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Market Update

Carillion Offers 170 M Bonds, Permira Sells Hugo Boss Stake

Author: Nigel Thomas
Last Update: 10:59 AM ET December 12 2014

4:00 PM Frankfurt Conwert Immobilien agreed to sell two portfolios to a Czech company for about 48.5 million. Carillion launched 170 million convertible bond offering. Drax declined after a change in the U.K. renewable energy policy. Permira sold stake in Hugo Boss for about 500 million.

In London trading, FTSE 100 index declined 1.4% or 89.99 to 6,371.71 and in Frankfurt the DAX index slumped 1.3% or 131.06 to 9,731.47.

In Paris, CAC 40 index dropped 1.4% or 57.37 to 4,168.49.

Conwert Immobilien Invest SE slipped 1.7% to 9.36 after the Austria-based real estate developer agreed to sell its two portfolios with assets in Slovakia to a Czech Republican company for about 48.5 million or $60 million to focus in Germany and Austria.

Carillion Plc plunged 8.4% to 315.10 pence after the U.K.-based construction service provider today announced to offer senior unsecured convertible bonds for up to 170 million or $267 million, maturing December 2019.

Drax Group Plc declined 10.6% to 504.50 pence after the UK Department for Energy and Climate Change plans to change its policy for renewable energy company to protect customers from additional charges in the future.

Hugo Boss AG halted at 78.33 after Permira Holdings Ltd. plans to sell 4.9 million shares or about 7% for 500 million or $620 million in Germany-based apparel investor.

Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc