The sale will boost the freefloat of the company to 30.8% from the present 13.3%, which û at least in theory - should make the stock more attractive to international investors and reduce the valuation discount. Prior to this sale Filinvest traded at about a 30% discount to net asset value.
The price represented a 5.8% discount to the 10-day volume-weighted average price, which compared with early indications that the deal would price at a discount of up to 8%. However, the share price did fall 4.7% during the two-week...
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