JP Morgan's clean-up NN block for FNO gets covered in 25 minutes

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

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JP Morgan's clean-up NN block for FNO gets covered in 25 minutes

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The Dutch flag is hoisted at the parliament in The Hague, Netherlands, 16 March 2017. The conservative-liberal party of the current Dutch Prime Minister Rutte received the most votes at the parliamentary elections on 15 March. Right-wing populist Wilders and his PVV party were less successful than expected. Photo: Daniel Reinhardt/dpa | Daniel Reinhardt/DPA/PA Images

On Monday evening, Stichting Fonds NutsOhra, a Dutch charitable fund, hired JP Morgan to sell a newly created 2.5% stake in NN Group, the Dutch insurer and asset manager, through an accelerated bookbuild that was covered after 25 minutes.

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