Vendor eyes $154m from Pan Ocean block

South Korean asset manager Poseidon 2014 has launched an up to W174.1bn ($154.3m) block sale of shares in shipping services provider Pan Ocean Co.

  • By Jonathan Breen
  • 13 Sep 2017

The vendor is looking to sell 27.2m shares in Pan Ocean at W6,240-W6,400 each, vying for proceeds of W169.7bn-W174.1bn.

It is offloading the stock in a Reg S/144A deal and has tapped Bank of America Merrill Lynch as the sole bookrunner. 

BAML opened books after Korean markets on Wednesday, ...

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