VOL. XXXIX

No. 5

30-October-1995

BAHRAIN

Share Flotation Values Gucci At $1.3Bn

Investcorp, the Bahrain-based investment group, obtained $22 per share in its offering of shares in the Italian luxury goods group Gucci on 18 October. Gucci said in a statement that demand "was very strong" and that the offering was "substantially oversubscribed" so that a second tranche of 8.5mn shares was offered in addition to the original 16mn. This implies that Investcorp has received $539mn and that...