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ABBs-Block Trades

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  • Strong markets at the start of the week tempted Simon Nixon, founder of MoneySuperMarket.com, to have another go at selling a chunk of the company, less than two months after a failed attempt.
  • The Italian equity capital market was at the centre of a big liquidity event on Monday, May 18, thanks to CVC Capital Partners raising €203.2m from an increased sale of shares in credit information provider Cerved.
  • HSBC is leading the sale of a block in Hong Kong-listed Sinotrans worth HK$1.11bn ($143.21m), as a shareholder takes advantage of the nearly 50% run-up in its share price since end-March.
  • China’s beleaguered real estate players are starting to find favour again with equity investors, with CIFI Holdings and Greenland Hong Kong Holdings raising HK$1.32bn ($170m) and HK$1.70bn, respectively, from top-up placements.
  • Two shareholders of Samsung Life Insurance Co raised W655.20bn ($599.31m) after pricing the shares they were selling near the bottom of the range, breaking a lull in large block trades out of South Korea since March.
  • Greenland Hong Kong Holdings has launched an accelerated placement of primary shares to raise $191m.