Aegon sells SVG Capital block at 9.9% discount
Listed private equity investor SVG Capital saw its share price fall nearly 9% on Thursday after insurance firm Aegon sold a large chunk of its holding through a block trade on Wednesday night.
Aegon raised £84m through the sale of 7.5% of SVG through an accelerated bookbuild.
The sale of the 20m shares, which were priced at 420p each, was led by JP Morgan as sole bookrunner. The stock had closed at 466p on Wednesday, putting the discount at 9.9%.
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