5th Mar 2014 10:56
LONDON (Alliance News) - Private equity firm TA Associates has sold its remaining 10.6% stake in Jupiter Fund Management PLC, according to a Wednesday announcement to the market.
Jupiter shares were Wednesday quoted down 4.2% at 410.80 pence.
TA Associates raised GBP197.2 million gross by placing 48.6 million shares in the company at 406 pence each.
JP Morgan Cazenove is acting as sole bookrunner in connection with the placing.
The sale was announced Tuesday.
By Samuel Agini; [email protected]; @samuelagini
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