bne_newspaper_July_19_2019

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July 19, 2019 www.intellinews.com
Home Credit files for Hong Kong public offering, could raise over $1bn
Nelly Tomcikova in Prague
Czech-based consumer lender Home Credit Group has applied for an initial public offering (IPO) on the Hong Kong Stock Exchange, said group spokesman Milan Tomanek, daily E15.cz reported on July 15. The company declined to comment.
According to Reuters sources, Home Credit could raise more than CZK22.7bn ($887mn, $1bn) with the proposed Hong Kong listing.
Russian Yandex.Taxi snaps up Vezet assets from rival Mail.ru
bne IntelliNews
Yandex.Taxi service of Russian internet giant Yandex will acquire the operating systems and call centres of taxi operator Vezet, with the deal still requiring approval from the Federal Antimonopoly Service (FAS), Yandex said on July 15.
The offering is, however, subject to the approval of the Hong Kong Stock Exchange, the final decision of the Home Credit Group and the Home Credit BV (HCBV) unit, market conditions, as well as various other factors. "Therefore, it is not possible to anticipate whether or not a quotation or global public offering of shares can take place,” the document said, as E15.cz reported.
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The deal, if completed, would be a major blow to
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Yandex competitor Mail.ru, which has been trying to compete in the fast-growing taxi and digital mobility solutions market. In 2018 Mail.ru also eyed Vezet and granted a convertible loan to one of the largest taxi operators in Russia.