Tauron, Alliance price block trades
Bookrunners for an 11.9% block of Tauron Polska Energia shares were poised to price the deal at Z6.15 a share on Tuesday evening after tightening guidance during the afternoon, giving the Polish government gross proceeds of Z1.28bn ($451m).
That price is line with Tuesdays volume weighted average price and compares to the first price guidance on the deal, given in early afternoon, of Z6.10-Z6.15 a share and a final message around 4pm of Z6.15. The stock closed today in Warsaw at Z6.20 a share.
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