Elis block covered quickly after auction

By Sam Kerr
26 Jul 2019

A 12.5m share trade in Elis, the French workwear and laundry group, was covered quickly last night following a rare auctioned block won by Morgan Stanley.

French private equity company Eurazeo was the seller in the Paris sale, which was priced at €16.90 a share, a 2.9% discount to the closing price of €17.4.

The trade was priced at a 2.9% discount to the closing price of Elis shares on Thursday evening. 

The ...

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