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Advent completes sale of stake in DFS Furniture

10 February 2017 09:43

Advent International Corporation has completed the sale of its remaining interest in DFS Furniture held through Advent Diamond (Luxembourg).

The sale was conducted through a placing of 25,661,359 existing ordinary shares to institutional investors by means of an accelerated bookbuild offering process at £2.28 per share, raising gross proceeds of £58.5m.

The shares sold represent in aggregate approximately 12.1% of the issued share capital of the company.

At 9:43am: (LON:DFS) DFS Furniture Plc share price was +8p at 239p

Story provided by StockMarketWire.com

Related Company: DFS

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