Play Communications block attracts healthy demand

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By Aidan Gregory
21 May 2020

A Pln700m ($168.9m) selldown of stock in Play Communications, the Polish telecommunications company, has shown that investor appetite towards some emerging market stocks is still alive, despite the asset class being hit hard during the Covid-19 pandemic.

The sale, by Kenbourne Invest and Tollerton Investments, was launched after the market close on Wednesday evening following a wallcrossing exercise, with an initial size of 18m shares, but this was later increased to 25m shares because of the strength of the demand.

Bank of America and Santander ...

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