Hyundai Oilbank shelves $2bn IPO
a in Seoul and Robert Cookson in Hong Kong/ Hyundai Oilbank has shelved its planned $2bn initial public offering due to Europe’s debt crisis and lower risk appetite in global stock markets. “We’ve decided to suspend the offering due to uncertainties over the IPO’s success as the euro zone crisis is spreading across the world and investor sentiment has turned weaker,” the oil refiner said./ Hyundai said it would reconsider the IPO, which would have been the country’s biggest this year, when market conditions improve so that its corporate ...
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