Talos cuts Aena stake to rebalance portfolio

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By Aidan Gregory
16 May 2018

Talos Capital reduced the size of its stake in Aena, the Spanish state-owned aiport operator, through a €696m accelerated bookbuild led by UBS and Citigroup on Tuesday.

Launched after the market close in Spain on Tuesday evening, without any wall-crossing, the sale was the first equity block trade in Aena since its €4.25bn privatisation in February 2015.

Talos sold 4m shares, a 2.6% stake, or around five days' volume, according to a banker involved in ...

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