CIMIC, Apollo Global sell Ventia Services shares worth $284 mln
08/03/2023 24:09
March 8 (Reuters) - Australia's Ventia Services Group
VNT.AX said on Wednesday its two big shareholders - CIMIC
Group and private-equity firm Apollo Global Management - have
each sold 93 million shares in the company via an underwritten
block trade.
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.
($1 = 1.5181 Australian dollars)
(Reporting by Ayushman Ojha in Bengaluru; Editing by Sherry
Jacob-Phillips)
((Ayushman.Ojha@thomsonreuters.com;))
Recent news on Ventia Services
See all newsAustralia's Ventia Services rises on bagging $113 million contracts
Brief: Ventia Services Group Says Awarded Two Intelligent Transport Systems Contracts In Victoria
Brief: Ventia Services Announces Appointment Of New Managing Director And Group CEO
Australia's Ventia Services hits record high after Morningstar lifts fair value
Morningstar lifts Australia's Ventia fair value, says stock somewhat overvalued