1st Sep 2016 15:51
LONDON (Alliance News) - UBS Ltd on Thursday said it and JP Morgan Securities PLC have been retained by Diamond (BC) SARL to explore the opportunity to sell 40.5 million shares in London-listed brick maker Ibstock PLC.
Diamond currently owns 190.7 million shares in Ibstock, representing 47% of its issued share capital.
The placing price will be determined by way of an accelerated bookbuild. Any shares not sold will be subject to a 60-day lock-up.
Shares in Ibstock closed up 1.9% at 186.20 pence on Thursday.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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