Bain cuts £97m of Ibstock stake, this time above IPO price

Aidan Gregory

March 10, 2017 02:00 pm

Ibstock_PA_230x150 — Mayor of London Boris Johnson makes his own brick with specials operative Alan Pass (left) during a visit to Ibstock Brick Ltd in Newcastle-under-Lyme, Staffordshire. | Joe Giddens/PA Archive/PA Images

Bain Capital has completed its second block sale of shares in Ibstock, the UK brick maker, since its £354m IPO on the London Stock Exchange in October 2015.

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Aidan Gregory