General Atlantic exits Axel Springer with last €120m ABB
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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