Goldman, J.P Morgan among Loterias IPO lead managers

Goldman Sachs, J.P. Morgan, UBS and Credit Suisse will lead manage what is expected to be Spain's biggest ever stock market debut, the IPO of state lottery Loterias, media reported on Saturday. Citing market sources, the business daily Expansion said the investment banks would manage the deal scheduled for October in which Loterias y Apuestas del Estado (LAE) hopes to raise 7.5 billion euros.
The move will follow the planned 4.2 billion euro listing later this month of Spain's biggest savings bank, Bankia, which is seen as a key test of market appetite for Spanish shares.