Countryside Properties Shareholder Oaktree Sells Entire 8% Stake (ALLISS)

Fri, 20th Apr 2018 09:33

LONDON (Alliance News) - Oaktree Capital Management LP unit OCM Luxembourg Coppice Topco Sarl has completed the sale of its remaining interest of 36.2 million shares - an 8.0% stake - in Countryside Properties PLC for 358 pence per share, sole bookrunner Jefferies International Ltd said Friday.

The asset manager is expected to net around GBP131.7 million from the share sale.

Shares in the housebuilder were trading 1.8% lower at 364.20 pence. The company did not receive any proceeds from the share sale.

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