Investors pour into Prysmian trade

Prysmian_adobe_575x375_Jan12
By Sam Kerr
12 Jan 2021

A €292.5m sale of shares in Italian cable maker Prysmian was well received by investors on Monday evening allowing Tamburi Investment Partners to sell most of its stake in the company.

Equita Sim and Morgan Stanley were the bookrunners on the 10m share deal, a 3.7% stake in the company.

The trade was launched at just after 4:30pm UK time and was covered fast. The deal was an agency trade, meaning it was not underwritten by the ...

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