UniCredit Pekao sale suffers in aftermarket
GlobalCapital, is part of the Delinian Group, DELINIAN (GLOBALCAPITAL) LIMITED, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 15236213
Copyright © DELINIAN (GLOBALCAPITAL) LIMITED and its affiliated companies 2024

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
FIG

UniCredit Pekao sale suffers in aftermarket

UniCredit this week sold a Z3.7bn ($1.84bn) stake in its Polish subsidiary Bank Pekao in a deal that suffered from a poor aftermarket, closing on Thursday down 2.4% from the offer price. A book that was twice covered at Z155 a share was still comfortably covered at Z156 after the close of the offer on Wednesday afternoon — but a weak close, a delay to the pricing announcement and poor markets on Thursday left the stock vulnerable.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request a Free Trial or Login
Gift this article