Citi wins Centrica block, but pricing could make eyes water
The block trade party might not yet be in full swing in European ECM while so many targets remain in closed period or lock-up, but the launch late on Wednesday of a big sale of shares in UK gas supplier Centrica did at least give equity bankers at sole bookrunner Citi reason to be busy. Whether it also gives them reason to be cheerful depends on how things go through the rest of Wednesday evening.
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