Orange uses bond, block to shed 2.6% of BT
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EquityABBs-Block Trades

Orange uses bond, block to shed 2.6% of BT

Orange, the French telecoms company, sold a third of its stake in UK peer BT Group on Monday night through a block trade and used another third to back an exchangeable bond in an attempt to “take a balanced approach when reducing its exposure”, a banker on the deal said.

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