CVC Capital Partners offloads 10% of Avast for £271m
CVC sold a £271m chunk of its stake in Avast, the London-listed Czech cyber security company, on Tuesday evening but the stock traded below issue price throughout the day on Wednesday.
Shares in Avast traded as low as 277.20p on Wednesday morning, down 6.6% from the previous close and 2.4% below the 284p offer price in the sell-down. By around 11.30am in London, the stock had recovered slightly but was still about 1% below issue price at 281.95p.“A ...
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