5th Nov 2019 17:43
(Alliance News) - M1 Cement Holding Ltd on Tuesday announced its intention to sell up to 139.7 million Breedon Group PLC shares, representing about 8.3% stake.
JP Morgan Securities PLC - which conducts its UK investment banking activities as JP Morgan Cazenove - is acting as sole bookrunner in connection with the placing.
The broker said the results of the placing, including the number of placing shares to be sold and the price per placing share, will be announced "as soon as practicable" after the closing of the bookbuilding process.
Breedon shares closed 0.6% higher in London on Tuesday at 65.40 pence each.
By Evelina Grecenko; [email protected]
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