Eurocash deal raises euro cash ECM hopes
The first block trade of the post-summer session emerged on Wednesday and an increased, Z366m ($112m) deal that was multiple times covered from a Polish seller added to hopes that, macro conditions permitting, September will be a bumper month for European issuance.
UBS was bookrunner for the sale of 7% of Eurocash, the Polish consumer goods distribution business, by its founding shareholder Luiz Amaral, who owned 51% of the firm. BZ WBK was a co-lead.
The deal was launched on the back of strong results last week when the stock
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