PAI starts Chr Hansen sell-down
Credit Suisse and JPMorgan began the sale of up to 25m Christian Hansen shares on Wednesday evening, worth up to $527m at Wednesday’s closing price, in the first big accelerated bookbuild of 2011.
The book for the 20m share deal and the 5m upsize option was fully covered by 6pm with price guidance expected soon after and pricing to be announced on Thursday morning.
The shares closed at Dkr120 on Wednesday, an all-time high, following the Dkr90 IPO price in June. PAI
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