(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)
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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. |
---|---|---|
$4.25 | 52657 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 2134 | 4.200 |
1 | 1899 | 4.190 |
1 | 1899 | 4.180 |
1 | 1899 | 4.170 |
2 | 4297 | 4.160 |
Price($) | Vol. | No. |
---|---|---|
4.250 | 20000 | 1 |
4.260 | 1899 | 1 |
4.270 | 1899 | 1 |
4.280 | 2240 | 1 |
4.290 | 2240 | 1 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
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