(Adds details on stake sale, share moves)
March 8 (Reuters) - Australia's Ventia Services Group (VNT) said on Wednesday its top two shareholders - CIMIC Group and private-equity firm Apollo Global Management - have each sold 93 million shares in the company via an underwritten block trade.
Shares of Ventia fell as much as 6.5% to their lowest level in more than a year.
The stake sale at the infrastructure services provider is valued at about A$431.6 million ($284.29 million), as of Ventia stock's last closing price on Tuesday.
After the stake sale, CIMIC and Apollo would each hold about 21.9% stake in Ventia, the New South Wales-based company said in a statement, adding that both shareholders have agreed to a customary 90-day escrow period in relation to their remaining shares in the firm.
($1 = 1.5181 Australian dollars)
News: VNT UPDATE 1-Australia's Ventia Services slumps as CIMIC, Apollo Global sell $284 mln worth...
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Last
$5.27 |
Change
0.020(0.38%) |
Mkt cap ! $4.389B | |||
| Open | High | Low | Value | Volume |
| $5.24 | $5.27 | $5.23 | $1.029M | 196.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 34 | 8907 | $5.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.27 | 8499 | 30 |
View Market Depth
| Last trade - 11.37am 11/08/2025 (20 minute delay) ? |
| VNT (ASX) Chart |