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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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National Bank of Greece has agreed with regulators that it will sell down its holding in Turkish subsidiary Finansbank, it said on Wednesday evening.
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The Ministry of Strategy & Finance of the Republic of Korea has sold another chunk of its shares in Industrial Bank of Korea (IBK). Strong investor demand allowed the government to increase the size of its sale by a whopping 46%, to W364.2bn ($353m).
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2014 is set to be another record breaking year for global block trades as year to date volumes and activity globally and in EMEA have already topped figures for the same period last year.
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British Brewer SABMiller has sold its entire holding in African hotels group Tsogo Sun to raise R7.6bn ($707m).
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The Ministry of Strategy & Finance of the Republic of Korea has yet again sold a chunk of its shares in Industrial Bank of Korea (IBK). The strong investor demand allowing the government to increase the size of its sale by a whopping 46% to W364.2bn ($353m).
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A shareholder in Indra Sistemas sold a €77m stake in the Spanish IT and defence firm on Monday night, a deal which bankers said showed that peripheral markets had largely seen off fears of contagion after worries about Portugal's Banco Espírito Santo.