Galderma Backers Lead $4.13 Billion Rush of Europe Stock Sales
A trio of shareholders in Galderma Group AG are spearheading a flurry of stock sales on Tuesday involving European companies that could raise more than $4.13 billion combined.
Private equity group EQT AB, Abu Dhabi Investment Authority and Auba Investment Pte are looking to sell an 8% stake in the Swiss skincare giant in an overnight placement, according to terms seen by Bloomberg. They join British American Tobacco Plc, which is offering a stake of as much as 2.3% in India's ITC Ltd.
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