(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)
(Adds details on stake sale, share moves) March 8 (Reuters) -...
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Last
$5.25 |
Change
-0.050(0.94%) |
Mkt cap ! $4.389B | |||
| Open | High | Low | Value | Volume |
| $5.29 | $5.30 | $5.25 | $8.706M | 1.649M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 8674 | $5.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.28 | 18147 | 2 |
View Market Depth
| Last trade - 16.10pm 08/08/2025 (20 minute delay) ? |
| VNT (ASX) Chart |