General Atlantic exits Axel Springer with last €120m ABB

By Aidan Gregory
03 Aug 2017

On Thursday night, in an otherwise barren week for equity block trades, General Atlantic, the US growth equity investment firm, launched the sale of a 2.1% stake in Axel Springer, the German publisher.

The clean-up trade, led by Bank of America Merrill Lynch as bookrunner, came after a 2.9% jump in Axel Springer’s share price since Wednesday, when it announced a plan with United Internet to merge their affiliate marketing divisions and list the new company.

Launched shortly after the ...

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