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Discovery Communications JSE ZAR5 billion secondary offering

7/4/2015
Share offer
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ZAR 5 billion

$ 328.274 million

Completed

7/4/2015

Overview:

  • Global media company Discovery Communications has issued 55,555,556 secondary shares on the Johannesburg Stock Exchange (JSE). 
  • The equity capital raising was valued at ZAR5 billion, the proceeds of which are to be used to fund new business in the company's insurance operations, as well as to finance further growth.
  • Rand Merchant Insurance Holdings acted as underwriter.

John Crabb - Journalist

Jurisdiction:

South Africa

Deal type:

Share offer

Practice area:

Capital markets : Equity

Governing law:

South Africa

Industry sector:

Media

Firms:
Allen & Overy

Party: Discovery Communications (Issuer)

Davis Polk & Wardwell

Party: Discovery Communications (Issuer)

ENSafrica

Party: Discovery Communications (Issuer)

Lawyer: Doron Joffe

Webber Wentzel

Party: Rand Merchant Bank (RMB) (Underwriter)

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