(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
$4.23 |
Change
0.050(1.20%) |
Mkt cap ! $3.618B | |||
| Open | High | Low | Value | Volume |
| $4.19 | $4.25 | $4.18 | $11.32M | 2.679M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 62106 | $4.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.25 | 52657 | 7 |
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| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| VNT (ASX) Chart |