7th Apr 2014 15:55
LONDON (Alliance News) - Oaktree Capital Management L.P plans to sell 25% of its interest in Stock Spirits Group PLC, it said Monday, via an accelerated bookbuild secondary placing with institutional investors.
The offer will be for around 50 million shares, around 25% of the company, and 68% of Oaktree's total shareholding in Stock Spirits.
Further information regarding the bookbuild and pricing of the placing will be announced following completion.
Oaktree is listed on the New York Stock Exchange.
Shares in Stock Spirits closed up 1.6% at 307.50 pence Monday.
By Hana Stewart-Smith; [email protected]; @hanassallnews
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