ASIA-PACIFIC

摘要

Moly-Cop is tentatively planning to file a prospectus for a potential US$1bn ASX IPO on November 2, according to a person close to the deal. Cornerstone investors are currently being sought. It is understood the plan is to sell the whole company through the IPO, with the listing expected to be completed before the end of November. The administrators of Moly-Cop's parent, Arrium, are running a dual-track process, but an IPO is understood to be more likely than a trade sale. Debt-laden Arrium went into voluntary administration in April after creditors rejected private equity group GSO Capital Partners' bailout proposal. Moly-Cop manufactures grinding media for the mining industry. Arrium has said the Moly-Cop businesses will probably remain unaffected during its voluntary administration process. Deutsche Bank is global coordinator on the IPO, and is also joint lead manager and bookrunner along with UBS and Macquarie.