18th May 2018 10:02
LONDON (Alliance News) - Numis Securities Ltd on Friday said Just Group PLC shareholder Permira has completed the sale of its 18% stake in the retirement products and services firm.
Permira sold 166.1 million Just Group shares at 143.00 pence each in an accelerated bookbuild, jointly run by Numis and Barclays Bank PLC. At that price, the sale raised GBP237.5 million.
Shares were down 1.6% on Friday at a price of 147.90p. Just Group did not receive any proceeds from the sale.
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