Deals
Hayward’s Vallares Raises More-Than-Expected $2.2 Billion
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Vallares Plc, the investment vehicle backed by former BP Plc Chief Executive Officer Tony Hayward, raised 1.35 billion pounds ($2.2 billion) in a share sale today, more than originally planned.
The company, also sponsored by financiers Nathaniel Rothschild and Tom Daniel and former Goldman Sachs Group Inc. banker Julian Metherell, sold 133 million shares at 10 pounds each after initially targeting 1 billion pounds. The 1.35 billion pounds raised includes 100 million pounds from the four founders, the company said in a statement in London today.