Aeroflot taps pent up investor demand with Rb9.8bn sale of treasury shares
Another elusive name was traded in the equity blocks market on Tuesday night, when Aeroflot Russian Airlines, Russia’s national carrier, came to market to sell 53.7m treasury shares worth Rb9.8bn ($169m).
Bookrunners Goldman Sachs and JP Morgan had indications of demand in excess of the deal size before launch, due to a wall-crossing exercise.
“I don’t think this was anticipated,” said a banker involved in the transaction. “We did wall-cross to give people a chance to refresh their internal
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