Aboitiz Equity Ventures bags $100m from share sale

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By Jonathan Breen
03 Aug 2016

Philippine company Aboitiz Equity Ventures jumped at a chance to sell a Ps4.7bn ($100.0m) block of shares on Tuesday, taking advantage of a share price that is up nearly 30% year-to-date.

The company cracked open books for the block just before 6pm on Tuesday, Hong Kong time, and had them covered within 30 minutes, according to a source close to the transaction.

The deal comprised 63.3m treasury shares, which AEV offered at a price range of Ps74.25-Ps76.45 apiece — ...

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