Apollo places first Verallia block

By Aidan Gregory
11 Sep 2020

Apollo Global Management has completed the first selldown of shares in Verallia, the French glass bottle maker, since its €1bn flotation in Paris in October last year.

Launched after the market close on Thursday evening, the €185m placing consisted of 7.7m shares - a 6.2% stake in Verallia.

BNP Paribas, Citigroup and Deutsche Bank were global coordinators.

The transaction was wallcrossed and covered shortly after launch, according to a source ...

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