Hail of smallish block trades enlivens ECM

Aidan Gregory

January 19, 2017 07:00 pm

Rosneft — The Kremlin wall, towers and cathedrals are reflected on a nameboard of state-owned oil company Rosneft's headquarters, Moscow, Thursday, Dec. 23, 2004. President Vladimir Putin on Thursday strongly defended the purchase of Yukos oil assets by a state-owned company, saying the state was protecting its interests in moving to get control of the one of the biggest production facilities in Russia. In an apparently secret deal, the state-owned Rosneft oil company bought BaikalFinansGroup, the obscure company that purchased Yukos' most important production unit in an auction Sunday. The Yuganskneftegaz subsidiary was sold for US$9.3 billion (euro7 billion), half of what foreign auditors say it was worth. (AP Photo/ Mikhail Metzel) | MIKHAIL METZEL/ASSOCIATED PRESS

Despite corporate close periods limiting the scope for equity block trades this week, a fistful of sellers came to the market this week, many of them to sell stocks that floated last year.

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Topics

Italy Credit Suisse UBS Equity ABBs-Block Trades Europe EMEA

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Aidan Gregory