Large US fund picks up big profit from NMC block
Capital Group, one of the largest asset managers in the US, bought 13.45m shares in NMC Health on January 8, according to a disclosure on the London Stock Exchange. They were worth about £160m. That was the day after a £375m block trade by Saeed Al Qebaisi and Khaleefa Al Muhairi, two of the three controlling shareholders in the UAE health company, which faced criticism from short-seller Muddy Waters of its balance sheet and financial statements in December.
Capital would appear to have made a hefty profit from the rise in the share price since then.Capital Group is understood to have been an investor in the block trade, which was launched on the evening of Tuesday January 7 and officially concluded the following morning. Filings at ...
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