Befesa trades up after Triton recycles stake

Befesa_alamy_230x150
By Sam Kerr
06 Jun 2019

Investment firm Triton Partners has sold the remainder of its shares in in Befesa, the German metal recycling firm, in a popular €216m block trade.

Citi and JP Morgan were bookrunners on the trade, which represented an 18.6% stake in Befesa.

The 6.35m shares were sold at €34 a share, a 2.85% discount to the last trade before the announcement which was at €35.

At launch, 5.30pm UK time on Wednesday, ...

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