Credit Suisse left long of Neste stock after €861m block trade

A €861m selldown of shares in Finnish oil refiner Neste Corp by the government of Finland on Tuesday night failed to clear, leaving the bookrunner holding a residual position.

  • By Aidan Gregory
  • 13 Jun 2018

Credit Suisse won the trade after an auction, and launched it late, at around 6.45pm in London, or 8.45pm in Helsinki. The deal consisted of 12.8m shares, a 5% stake in Neste, which has a market capitalisation of around €17.2bn.

At the final €67.27 offer price, ...

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