ABBs/Block Trades

  • Essentra raises £100m to fund US M&A

    Essentra raises £100m to fund US M&A

    Essentra, the UK maker of plastic and fibre components, has sold £100m of new stock to finance its acquisition of 3C! Packaging Inc in the US, via an accelerated bookbuild.

  • US election fears drive ECM deal rush

    US election fears drive ECM deal rush

    It has already been another busy week for European block trades with several accelerated deals priced on Tuesday evening. Bankers say they expect the rush to continue sellers look to shift as much paper as possible before November's US election.

  • Adnoc Distribution increases liquidity with $1bn club deal

    Adnoc Distribution increases liquidity with $1bn club deal

    Abu Dhabi National Oil Co sold $1bn worth of shares in Adnoc Distribution, its listed chain of petrol stations and shops, through an institutional placement on Monday night, the largest ever block trade by a listed company from the Gulf Cooperation Council area.

  • German billionaire Thiele sells €1bn stake in Knorr-Bremse

    German billionaire Thiele sells €1bn stake in Knorr-Bremse

    Heinz-Hermann Thiele, the German billionaire, has raised €1bn through a share sale in break manufacturer Knorr-Bremse, the second time he has sold shares in the company since it floated in 2018, raising questions about why he would return to sell so soon.

  • Apollo places first Verallia block

    Apollo places first Verallia block

    Apollo Global Management has completed the first selldown of shares in Verallia, the French glass bottle maker, since its €1bn flotation in Paris in October last year.

  • Saga launches multi-stage recap

    Saga launches multi-stage recap

    London-listed cruise operator and retirement services provider Saga has completed the first leg of a £150m recapitalisation led by Sir Roger De Haan, the son of its founder.

  • Kojamo trades up after €282m selldown

    Kojamo trades up after €282m selldown

    Two of the largest pension insurers in Finland have offloaded €283m of stock in Kojamo, a housing rental company in the country, tapping into yield driven demand for residential property companies during the pandemic.

ABBs/Block Trades Archive