In an otherwise barren summer week for equity block trades in Europe, UBS led the sale on Thursday night of R1.4bn ($95.4m) of stock in Mondi, the Anglo-South African paper and packaging company, on behalf of a group of shareholders left out of a recent reorganisation of Mondi’s listing.
UBS, Mondi’s corporate broker, launched the mandated trade, which consisted of 4.7m shares, a 1% stake, shortly after the market close in London on Thursday. There was no wallcrossing prior to launch.
Link Market Services, the share registry securities services company, was officially the seller. The sale came