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Sfr4.9bn trade is largest European ECM deal since National Grid’s £7bn rights issue in 2024
Offer came as markets recovered and volatility fell
Naturgy and Zurich fall in secondary market after jumbo blocks
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Nomura has closed books on a block trade to sell KDDI’s 4.85% stake in Inmarsat, the UK satellite communications company. The discount is likely to be 5.3%.
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The UK government’s “dribble-out” trading plan to sell shares in Lloyds Bank has achieved £500m of sales, or 1% of the company, Chancellor of the Exchequer George Osborne said on Monday.
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Equity capital markets bankers are convinced there will be more action in the CEEMEA region after a slow start to the year.
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ING made its first block trade in NN Group on Tuesday night, since floating its insurance arm in July for €1.77bn. The highly successful trade netted €1.248bn.
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Peel Hunt traded a 12.8% stake in Rank Group, the UK bingo and casino company, in a £92.5m daytime accelerated bookbuild on Wednesday that was unusual in being led by buyer demand.
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The founding family of India’s Hero MotoCorp sold a hefty Rp18.65bn ($300.15m) block of shares in the company on Wednesday.