23rd Jul 2014 07:41
LONDON (Alliance News) - Imperial Tobacco PLC Wednesday said the stabilisation period on the initial public offering of Spain's Compañía de Distribución Integral Logista Holdings, or Logista, has ended.
Imperial also said Credit Suisse Securities, the stabilisation agent on the IPO, has fully-exercised its over-allotment option on the deal. The price of the shares on the over-allotment option is the same as the offer price for the IPO of EUR13 per share.
The shares are being sold through Altadis, an indirect wholly-owned subsidiary of Imperial.
Following the IPO and the full exercise of the over-allotment option, Imperial will hold a stake of approximately 70% in Logista.
Imperial Tobacco shares were up 0.1% to 2,631.00 pence early on Wednesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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