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Noba Bank block trade is first from 2025's IPO crop
Barrick confirms plans to spin off its North American gold assets
Commodities trader halves its stake for £132m after shares soar
BMW heiress Susanne Klatten exits turbine maker
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Several block trades hit the screens this week, as a relative easing of stock market volatility and the slow close of results season gave sellers a window to exit holdings. -
Goldman Sachs sold a Skr2.4bn ($281m) block of B shares in Loomis on Wednesday. The Swedish cash handling firm took a serious hit in trading the next day.
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BPCE fully exited its stake in French real estate firm Nexity on Tuesday, as it sold €283m-worth of shares through a block trade led by Société Générale.
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Investment fund Aurelius attempted to sell its entire 51% stake in German beverage group Berentzen Gruppe on Tuesday, but eventually cut the offering by more than half when it realised it would not get the price it hoped for.
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IBM exited its entire position in Chinese tech firm Lenovo this week, raising HK$1.17bn ($150m) via a block sale. It was able to offload the stock at the top end of guidance after a flood of demand from Asian hedge funds.
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Sumitomo Mitsui Banking Corp sold half its stake in India’s Kotak Mahindra Capital this week, raising Rp20.69bn ($300m) in the year’s first block trade in the country. And in a rare case, the deal managed to bypass the problem of slippage typical with sell-downs in India. Jonathan Breen reports.
