Thursday 6th September 2012, 1:10am
MICHAEL BOW
UK private equity firm 3i sold €77m (£61m) of shares in German engineering firm Norma Group to institutional investors yesterday – taking its stake from 73 per cent to 16.7 per cent in just 18 months.3i announced it had placed four million shares for a price of €19.25 per share with investors. The news prompted Norma to fall from €19.95 to €18.84 on the Frankfurt stock exchange. It ended the day at €19. (…)
via 3i cuts further stake in Norma after placing | City A.M..