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Baltic Classifieds Group Witnesses Major Share Sell-off
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Baltic Classifieds Group Witnesses Major Share Sell-off

Baltic Classifieds Group Plc (GB:BCG) has released an update.

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Baltic Classifieds Group PLC has reported Antler EquityCo S.à r.l.’s complete divestment from the company, selling around 63 million shares and exiting its position. The transaction included a secondary placing to institutional investors, which raised approximately £146 million, and an off-market purchase by the company itself for around £10 million. The deals were managed by BofA Securities and are expected to be settled by July 17, 2024.

For further insights into GB:BCG stock, check out TipRanks’ Stock Analysis page.

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