PARIS, FRANCE: Renault Group has announced that it will sell up to 211 million Nissan shares, or 5% of Nissan capital, to Nissan as part of the latter’s share buyback program. The sale, which will take place on December 13, 2023, will improve Renault Group’s net financial position by €765 million, but also result in…
Tag: Sell shares
State to sell 71.12% shares in AIB Group through a trading plan
LONDON, UK: The Minister for Finance, Paschal Donohoe TD, announced his intention to sell part of the State’s 71.12% directed shareholding in AIB Group Plc over approximately the next six months through a pre-arranged trading plan that will be managed by Merrill Lynch International (BofA Securities). BofA Securities was appointed to the role from the…
VTB Group to sell its entire stake in Magnit
MOSCOW: VTB Group announced intention to sell approximately 17.28% of ordinary shares of PJSC Magnit. Up to 5.15% will be offered through an accelerated bookbuilding process. It is expected that the remaining 12.13% of the company’s shares will be sold to Marathon Group at a price determined in the offering. VTB Group has agreed to…
Downing Renewables & Infrastructure Trust to sell shares worth £25mn
LONDON, UK: Downing Renewables & Infrastructure Trust announced intention to raise new capital by conducting a placing of up to 24.499 million new ordinary shares of £0.01 each at a price of 102.50 pence per share to raise up to c.£25 million. The placing will be conducted by way of a bookbuilding process. The core…
UOG Holdings sells all shares of UOG Italia for €2.165mn
LONDON, UK: United Oil & Gas Plc, through its subsidiary, UOG Holdings plc, has signed a conditional sale and purchase agreement with PXOG Marshall Limited, a subsidiary of Prospex Energy PLC, for the sale of 100% of the share capital of UOG Italia Srl for a consideration of €2.165 million in cash. The effective date…
GC Rieber sells part of its holding in Shearwater Geoservices for $50.5 million
OSLO, NORWAY: GC Rieber Shipping has agreed to sell shares in Shearwater Geoservices Holding AS reducing its ownership from 17.0% to 8.5%, a news release said. Gross proceeds from the sale will be USD 50.5 million. The sold shares had book value of USD 41.6 million per 31 March 2021. Following the transaction, which is…
UK to sell 13.9 percent shareholding in Bank of Ireland
LONDON: The Minister for Finance, Paschal Donohoe TD today announced his intention to sell part of the State’s 13.9% directed shareholding in Bank of Ireland over approximately the next six months through a pre-arranged trading plan that will be managed by Citigroup Global Markets Limited. Citi were appointed to the role from the Department of…
SBB sells its shares in Entra ASA to Castellum for NOK 3.139 billion
OSLO, NORWAY: Samhällsbyggnadsbolaget i Norden AB (publ) (SBB) has divested 14.947 million shares in Entra ASA at a price of NOK 210 per share to Castellum, corresponding to NOK 3.14 billion. The sale represents approximately 10% return during the time of the holding, corresponding to an annual return of 20%. SBB has also decided to…
Engie SA sells 3.7 million shares in GTT at €67/share
PARIS, FRANCE: Engie SA has completed the sale of 3.7 million shares of Gaztransport & Technigaz (GTT) at €67/share and raised €248 million through a private placement executed through an accelerated bookbuilding process. Concurrently with the equity placement, Engie priced exchangeable bonds due 2024 for an aggregate nominal amount of €290 million, which will be…