(Sharecast News) - Energean tumbled on Tuesday on news that Third Point Hellenic Recovery was placing around 6 million shares in the exploration and production company.
The amount of shares being placed represents a stake of around 3.4% and Third Point is Energean's biggest shareholder.
Bank of America and Stifel are acting as joint bookrunners.
At 0910 GMT, Energean shares were down 7.3% at 728.20p.
Energean Oil & Gas (ENOG)30 Apr 2024 17:08
London close: Stocks follow Wall Street into the red
(Sharecast News) - London markets closed in the red on Tuesday, turning weaker during the afternoon to mirror the decline in Wall Street equities, as ...
