Latest news with #blocktrade
Reuters
28-05-2025
- Business
- Reuters
EBOS Group's major shareholder Sybos launches NZ$949 million selldown, term sheet shows
SYDNEY, May 28 (Reuters) - EBOS Group's ( opens new tab, major shareholder Sybos is selling NZ$949 million ($566.74 million) worth of shares in the New Zealand-based medical equipment manufacturer, according to a term sheet by Reuters. The investor is selling 26.74 million shares at NZ$35.50 each, an 8.9% discount to the stock's closing price on Wednesday, the term sheet showed. EBOS declined to comment. The sale represents about 13.2% of EBOS stock and Sybos will retain a 4.9% holding once the block trade is complete, the term sheet showed. Investment bank UBS is leading the deal, according to the term sheet. ($1 = 1.6745 New Zealand dollars)
Zawya
28-05-2025
- Business
- Zawya
BAT to sell $1.4bln stake in India's ITC via block deal
British American Tobacco said on Tuesday it intends to sell a 2.3% stake in Indian consumer goods company ITC worth about $1.4 billion in a block trade deal. BAT will remain ITC's biggest investor post disposal, with a 23.1% stake in the Indian conglomerate. The company is selling up to 290 million shares in the deal, at a floor price of 400 Indian rupees, according to a term sheet seen by Reuters. The price is a 7.8% discount to the stock's closing price on Monday. Goldman Sachs and Citigroup are leading the deal, the term sheet showed. The deal is the second major block trade in India this week after IndiGo co-founder Rakesh Gangwal sold a 5.7% stake in the low-cost carrier worth $1.36 billion. BAT said it will increase its 2025 1.1 billion pounds ($1.49 billion) share buyback programme by 200 million pounds as a result of the deal, which is not expected to have any other impact on its annual outlook. The London-listed cigarette maker had last year sold 436.9 million shares, or roughly 3.5% of ITC's outstanding shares, for about $2 billion in what was India's third-largest block deal ever. The British firm, which has cigarette brands such as Dunhill and Lucky Strike, did not disclose any more details on Tuesday and said there was no certainty that any such transaction will proceed. In February, it forecast 1% growth in its annual revenue primarily due to tax headwinds in Bangladesh and Australia. ($1 = 0.7401 pounds) (Reporting by Scott Murdoch in Sydney and Prerna Bedi and Raechel Thankam Job in Bengaluru; Editing by Leroy Leo and Stephen Coates)
Reuters
13-05-2025
- Business
- Reuters
China's Ant Group sells Paytm shares for $246 million in block trade, term sheet shows
SYDNEY, May 13 (Reuters) - China's Ant Group ( opens new tab has sold 25.5 million shares in India's Paytm ( opens new tab in a block trade to raise $246 million, according to a term sheet seen by Reuters. The sale, completed at a price of 823.10 Indian rupees ($9.69) a share, was equivalent to a 4% stake in Paytm, and the final price was a 5% discount to the Indian company's closing share price on Monday of 866.05 rupees, the term sheet said. The stake in the digital payments company was offered with a floor price of 809.75 rupees, an earlier term sheet said. Paytm and Ant Group did not immediately respond to requests for comment. Goldman Sachs (GS.N), opens new tab and Citigroup (C.N), opens new tab led the transaction, the term sheet showed. Paytm has seen a spate of sell-downs in the past two years, including the exit of Warren Buffett's Berkshire Hathaway (BRKa.N), opens new tab and Japan's SoftBank Group (9984.T), opens new tab, according to exchange data. Ant Group previously sold a 10.3% stake in Paytm to founder and CEO Vijay Shekhar Sharma in August 2023. ($1 = 84.9025 Indian rupees)
Yahoo
13-05-2025
- Business
- Yahoo
China's Ant Group sells Paytm shares for $246 million in block trade, term sheet shows
By Scott Murdoch SYDNEY (Reuters) -China's Ant Group has sold 25.5 million shares in India's Paytm in a block trade to raise $246 million, according to a term sheet seen by Reuters. The sale, completed at a price of 823.10 Indian rupees ($9.69) a share, was equivalent to a 4% stake in Paytm, and the final price was a 5% discount to the Indian company's closing share price on Monday of 866.05 rupees, the term sheet said. The stake in the digital payments company was offered with a floor price of 809.75 rupees, an earlier term sheet said. Paytm and Ant Group did not immediately respond to requests for comment. Goldman Sachs and Citigroup led the transaction, the term sheet showed. Paytm has seen a spate of sell-downs in the past two years, including the exit of Warren Buffett's Berkshire Hathaway and Japan's SoftBank Group, according to exchange data. Ant Group previously sold a 10.3% stake in Paytm to founder and CEO Vijay Shekhar Sharma in August 2023. ($1 = 84.9025 Indian rupees) Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
