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GC Asia
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HK investors gobble up EV maker, dairy blocks
A pair of large block trades this week showed the depth of Hong Kong’s equity capital market, with more than $3bn raised by conglomerate China Evergrande Group and European food products company Danone. Jonathan Breen reports.
13 May 2021 -
NatWest block trade stars in European ECM's bumper night
The UK Treasury sold 580m ordinary shares in NatWest on Monday night at £1.90, a 3.6% discount to the closing price. The sale of the roughly 5% stake for £1.1bn lowered the government's holding in NatWest to 54.8%.
11 May 2021 -
European blocks market revved up after deal fest
A big night for the European blocks market on Tuesday took Europe’s equity capital markets by surprise, with almost €2.9bn printed across three accelerated deals. The success of the sales has given the market hope that there are more opportunities to bring big block trades, writes Sam Kerr.
06 May 2021 -
Bombardier cleans up Alstom stake
Bombardier has exited Alstom, the French maker of rolling stock, having sold the last of its shares through a €506m accelerated bookbuild on Tuesday night.
05 May 2021 -
Big Daimler trade cheers equity investors
A €1.15bn block trade in shares of Daimler, the German carmaker, was greeted warmly by investors on Tuesday night and has traded well in the aftermarket on Wednesday.
05 May 2021 -
Woowa shareholders sell down Delivery Hero stake
A consortium of shareholders in Delivery Hero, which had acquired a stake in the company following its acquisition of South Korean tech firm Woowa Brothers, sold a 9.8m share block in the German food delivery company on Tuesday night.
05 May 2021 -
FirstRand, Comet sales bookend vibrant week of blocks
South African investment company Remgro has reduced its stake in FirstRand, one of the country’s largest financial services groups, via an accelerated bookbuild.
30 Apr 2021 -
Fosun trims Tsingtao stake for $301m
Fosun International has sold off a block of Tsingtao Brewery’s Hong Kong-listed shares for HK$2.34bn ($301m).
30 Apr 2021 -
Jumbo Barry Callebaut block provides rare liquidity event
A Sfr1.1bn jumbo block trade in Barry Callebaut, the Swiss chocolate maker, by Jacobs Holding, has attracted strong demand from investors eager to add defensive exposures to their portfolios.
28 Apr 2021 -
Orient Overseas block goes for HK$840m
A Chinese state-owned shareholder of Orient Overseas (International) has raised HK$840m ($108.2m) from the sale of a block of shares, according to a source familiar with the matter.
28 Apr 2021
