ABB/Block Trades

  • Kakao chairman trims stake after charity pledge

    Kakao chairman trims stake after charity pledge

    The chairman of South Korea’s Kakao Corp has kicked off his official pledge to donate more than half of his wealth to society by raising about W500bn ($448m) from a stake sale in the messaging app on Thursday.

  • India seeks banks for fertiliser divestments

    India seeks banks for fertiliser divestments

    The Indian government is looking for banks to help offload its stakes in Rashtriya Chemicals & Fertilizers and rival National Fertilizers, sending out two requests for proposals for the divestments.

  • KDIC takes W149bn from Woori Financial block

    KDIC takes W149bn from Woori Financial block

    A South Korean state-backed insurer pared its stake in Woori Financial Group this week, selling a chunk of shares for W149.3bn ($133.2m), according to a source familiar with the matter.

  • Rare jumbo Tencent block leaves investors wanting more

    Rare jumbo Tencent block leaves investors wanting more

    Investors put in a staggering $60bn of orders for an accelerated offering of Tencent Holdings’ stock on Wednesday, a deal that saw Dutch internet company Prosus taking home HK$114.17bn ($14.67bn) from a record-breaking overnight share sale. Jonathan Breen reports.

  • Stark block trade fetches Bt3.77bn

    Stark block trade fetches Bt3.77bn

    The controlling shareholder of Thailand’s Stark Corp has sold a chunk of his shares in the company, raising Bt3.77bn ($122.4m) after pricing the deal towards the top of price guidance.

  • European ECM suffers as US sell-off continues

    European ECM suffers as US sell-off continues

    European equity capital markets continued to reel from volatility across the Atlantic on Friday. A sell-off in tech stocks is making the block trade market difficult and a popular IPO suffered on its first day of trading.

  • SK Biopharma dives after block

    SK Biopharma dives after block

    SK Holdings pocketed W1.12tr ($1bn) from a block trade of SK Biopharmaceuticals, but the deal hit the South Korean drug company’s share price hard, sending it tumbling more than 17%.

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