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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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Korea Exchange Bank sold W122bn ($118m) of shares in semiconductor manufacturer SK Hynix on April 24, pricing the block at an extremely tight discount of 0.43%.
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Philippine property company 8990 Holdings has priced a $182m block trade that market participants considered as a re-IPO, given the small size of its float on the Philippine Stock Exchange.
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Korea Exchange Bank sold W122bn ($118m) worth of shares in semiconductor manufacturer SK Hynix on April 24, pricing the block at an extremely tight discount of 0.43%.
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Samsung Life Insurance was the subject of a sale by four shareholders on Tuesday in a W311.9bn ($300m) block that was well received by investors despite a degree of price sensitivity.
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Korean technology and pharmaceutical company Hanwha Chemical Corp priced a $340m GDR trade on the Singapore exchange overnight Wednesday.
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The Carlos Tessara Group sold a 4.7% stake in Poland’s Alior Bank on Tuesday night, raising Z260.7m ($86.04m).