UBS completes Teleperformance sale
Groupe Industriel Marcel Dassault sold a 3.3% stake in French CRM firm Teleperformance and hedged its remaining 1.9% holding on Wednesday. UBS was sole-bookrunner for the block trade which raised Eu52.9m.
Books for the 1.86m share deal were covered quickly after launch on Tuesday with guidance set at Eu27.00 to market, a 5.3% discount to the Eu28.51 close. UBS priced the deal at Eu28.00 on Wednesday, a 1.79% discount.
The shares traded weakly in the aftermarket, opening at Eu27.705
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