Large US fund picks up big profit from NMC block

US_flag_london_PA_575x375_PA_Jan15_2020.jpg
By Sam Kerr
15 Jan 2020

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 ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.