Brief: Ferrovial Sells 5% Stake In Indian Company IRB For 214 Mln Euro

IRB Infrastructure Developers

11/06/2024 15:07

June 11 (Reuters) - Ferrovial SE  FERF.AS :
    * SELLS, THROUGH ITS UNIT CINTRA, A 5% STAKE IN IRB
INFRASTRUCTURE
DEVELOPERS FOR 214 MILLION EUROS
    * ESTIMATED PRE-TAX CAPITAL GAIN FROM THIS TRANSACTION IS
130
MILLION EUROS
    * SALE IN FORM OF BLOCK DEAL OR PLACEMENT OF 301.9 MILLION
SHARES
WITH INSTITUTIONAL INVESTORS
    * SHARES IN IRB SOLD AT AVERAGE PRICE OF 63.60 RUPEES
    * TO CONTINUE TO BE THE SECOND-LARGEST SHAREHOLDER, WITH A
19.9%
STAKE

Source text for Eikon:  ID:nCNM5XXcKR 
Further company coverage:  FERF.AS 

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