Centerbridge Partners sells 13% of Banca Farmafactoring after share price rally
Centerbridge Partners has sold a €119.2m chunk of its stake in Banca Farmafactoring, the Italian factoring company that specialises in payments owed by public institutions to the healthcare sector, after the stock has rebounded since October.
The sale, which consisted of 22m shares, a 13% stake, was launched after the market close on Thursday and priced at €5.42, a 3.4% discount to the €5.61 close on the day. Jefferies was bookrunner.It is the second equity block trade in Banca Farmafactoring since its ...
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