8th Apr 2016 11:01
LONDON (Alliance News) - Towerbrook Capital Partners LP Friday said it will sell about 35 million shares in Volution Group PLC, or a 17.5% stake, via Windmill Holdings BV.
The placing will be priced at 165 pence per Volution share and will be conducted via an accelerated bookbuild, with Liberum Capital Ltd acting as sole bookrunner. At that price, the stake is worth GBP57.8 million.
Shares in Volution were up 1.8% at 170.00 pence Friday following the announcement.
The exact number of shares in the placing will be agreed at the close of the bookbuild process.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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Related Shares:
Volution Group PLS