Former Australia Post CEO and now Latitude Financial Group boss Ahmed Fahour is selling his stake in ASX-listed stockbroker Bell Financial Group.
Bell's stockbroking arm, Bell Potter, was seeking buyers for Fahour's 21.8 million shares in a block trade after market on Monday.
The shares were being offered at 75.5¢ each, according to terms sent to potential buyers. The vendor was named as "Equitas Nominees Pty Limited /Ahmed Fahour".
Latitude Financial Services chief executive Ahmed Fahour is selling out of Bell Financial Group. Photo: Alex Ellinghausen
The trade was at a discount to Bell Financial Group's last close of 86.5¢ and represented about a 7 per cent stake in the company.
Bell Potter was seeking bids by 9am Tuesday.
Fahour bought the bulk of his stake for 63¢ a share in December 2017, when investment bank UBS sold its 15.8 per cent shareholding.
Cheers............Daicosisgod
BFG Price at posting:
86.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)