Rhône Capital sells Fluidra stock after profits surge

Fluidra_PA_575_375
By Aidan Gregory
20 Jan 2021

Rhône Capital has reduced its stake in Fluidra, the Spanish swimming pool company, through an accelerated bookbuild.

The sale was launched after the market close on Tuesday evening, with an initial target size of €375m. This was later increased to €450m because of the strength of the demand from investors.

After a quick covered message, the transaction was priced at €20.20 a share, a 4.3% ...

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