Triton's Befesa block trade attracts 70 lines

Triton Partners has provided one of the first significant tests of equity blocks market sentiment in 2019, with a €108m sale of shares in Befesa, the German metal recycling firm, that went public in Frankfurt in 2017.

  • By Aidan Gregory
  • 10 Jan 2019

Bookrunners Citi, Berenberg and Commerzbank launched the trade on Wednesday evening without any wall-crossing. It was sized at 3m shares, an 8.8% stake in Befesa.

“Investors have been waiting for this,” said a banker involved in the trade. “The lock-up has been off for quite some ...

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4 Barclays 99,545.40 383 6.24%
5 HSBC 81,053.20 424 5.08%

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5 Commerzbank Group 7,837.68 40 4.93%

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