Triton to sell stake in Befesa S.A.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THE PRESS RELEASE.
Frankfurt (Germany), 20 March 2018- Funds advised by Triton ("Triton") have decided to sell approximately 3.0 million shares in Befesa S.A. ("Befesa") to institutional investors in a private placement via an accelerated bookbuilding process. This represents approximately 8.8% of Befesa’s entire share capital.
Funds managed by Triton will remain Befesa’s largest group of shareholders, directly holding about 40.7% of Befesa’s shares after the placement. In addition, Triton agrees to a lock-up period of 60 days.
The accelerated bookbuilding is managed by Citigroup, Goldman Sachs International and J.P. Morgan and commences immediately.