Two more shareholders leave Rexel in €500m block
Two members of the private equity consortium that owns Rexel sold shares in the French electrical supplies firm on Wednesday night, leaving only one member of the consortium with a holding.
The Ray consortium of private equity investors sold a 26.9m share stake, representing 9.5% of the company, for €18.85 each.
Goldman Sachs and UBS were joint bookrunners.The deal was launched at 5.45pm in London on Wednesday, with guidance of €18.85 to market, offering up to a 2.9% discount. That ...