Sweden's Synsam drops after discounted block trade

Synsam AB (publ)

06/03/2024 08:21

** Shares in the Swedish eyewear company Synsam  SYNSAM.ST  
drop 12% after a discounted block trade 
    ** Theia Holdings, a company indirectly majority owned by
CVC Fund V, which before the transaction held 55.95% of all
shares outstanding in Synsam, sold 21 million shares at the
price of SEK 52 per share, constituting a 12.6% discount
        ** According to the company website, CVC Capital
Partners held 83.9 million shares as of Jan. 29
  
    ** The bookrunner said the sale was oversubscribed multiple
times
    ** Synsam share closed at SEK 59.5 in Tuesday trading

 (Reporting by Agata Rybska)
 ((gdansk.newsroom@thomsonreuters.com;))