Fluidra block causes a splash with investors

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By Sam Kerr
19 Nov 2020

A €200m share placing in Fluidra, the Spanish swimming pool equipment company, caught investors in a buoyant mood on Wednesday evening, with bookrunners having to enlarge the deal to satisfy demand.

Bank of America and Berenberg were the deal’s bookrunners.

Rhône Capital sold 12.1m shares — a 6.2% stake in Fluidra — at €16.50 each, marking a 4.2% discount to Tuesday’s closing price on the Spanish stock exchange.

Piscine Luxembourg Holdings, the vehicle through which Rhône owns its ...

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