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AB Volvo, the Swedish maker of trucks and buses, has sold its entire stake in Deutz, the German maker of diesel engines, for €196m, through an accelerated bookbuild on Thursday night.
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Two shareholders pared down their stakes through separate block trades on Thursday as the stocks hit one-year highs, punctuating a relatively quiet week for overnight bookbuilds in Asia. -
On Thursday evening, AB Volvo, the Swedish maker of trucks and buses, launched the sale of its whole stake in Deutz, the German independent manufacturer of diesel engines, through an accelerated bookbuild.
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Posco has launched a block sale of KB Financial Group's shares, and is looking to raise up to W443.5bn ($383.0m), according to a term sheet for the deal.
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On Monday night, the first equity block trade of the week in Europe came in the form of a sale of a 2% stake in Derichebourg, the French rubbish collection, recycling and outsourcing group that has a €1.2bn market cap, by the controlling family.
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An overnight sell down in Playtech, the UK gaming software maker, on Monday raised £337.3m for its founder, in what was seen as his exit from the company.
