tiprankstipranks
Baltic Classifieds Group Witnesses Major Share Sell-off
Company Announcements

Baltic Classifieds Group Witnesses Major Share Sell-off

Baltic Classifieds Group Plc (GB:BCG) has released an update.

Baltic Classifieds Group PLC has reported Antler EquityCo S.à r.l.’s complete divestment from the company, selling around 63 million shares and exiting its position. The transaction included a secondary placing to institutional investors, which raised approximately £146 million, and an off-market purchase by the company itself for around £10 million. The deals were managed by BofA Securities and are expected to be settled by July 17, 2024.

For further insights into GB:BCG stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks UK Auto-Generated NewsdeskBaltic Classifieds Group Announces AGM Details
TipRanks UK Auto-Generated NewsdeskVor Capital Acquires Significant Share in Baltic Classifieds
TipRanks UK Auto-Generated NewsdeskBaltic Classifieds Shareholder Sells All Voting Rights
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Optimize your mobile reading experience. Download the TipRanks App today!