GIC sells shares in ConvaTec after share rally

By Sam Kerr
12 May 2020

GIC, the Singapore sovereign wealth fund, sold 115m shares in medical product and technologies company ConvaTec on Monday night following a huge rally in the stock price.

Goldman Sachs was the sole bookrunner on the £234.6m on the transaction worth around 5% of the company.

The 5.7% stake in the company was sold at a £2.04, a 6.9% discount to the closing price of £2.19 on Monday.

Sources speaking to GlobalCaptial expect more ...

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