HALISTER1: Dolphin Master Issuer B.V., Series 2017-1 - DBRS Rating Report

Dolphin Master Issuer B.V., Series 2017-1 - DBRS Rating Report

Alert: HALISTER1
Source: DBR (Dominion Bond Rating Service)

People
Asim Zaman (Dbrs Europe Ltd)
Christian Aufsatz (DBRS Inc)
Rehanna Sameja (Dbrs Europe Ltd)

Topics
Fixed Income Research
Reports
Credit Analysis Research
Credit Research
Investment Research

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UUID: 7947283

HALISTER1: Roularta Climbs; KBC Upgrades to Buy, Raises PT to EU24

Roularta Climbs; KBC Upgrades to Buy, Raises PT to EU24

(Bloomberg) -- Roularta Media Group shares climb as much as 34% on Euronext Brussels, most intraday since at least December 1998, after the Belgian company said it will sell its holding in Medialaan and buy a 50% stake in Mediafin from De Persgroep.
  • Shares up 25% to EU18.25 as of 10:28am CET, volume of 7.7x the 3-monthly daily average
  • KBC raises stock rating to buy from hold; PT increased to EU24 due to hefty premium paid compared to its sum-of-parts valuation
    • Believes transaction is “highly value accretive”
    • Roularta had 0 buys, 1 hold, 1 sell before today
  • Roularta to be fully focused on magazines, newspapers and local media
  • NOTE: Earlier, Roularta Media Group Buys 50% Stake in Mediafin
To contact the reporter on this story: Marine Strauss in Brussels at mstrauss30@bloomberg.net To contact the editors responsible for this story: Jerrold Colten at jcolten@bloomberg.net Cecile Vannucci

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
ROU BB (Roularta Media Group NV)

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UUID: 7947283