Triton's Befesa block trade attracts 70 lines

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By Aidan Gregory
10 Jan 2019

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.

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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