Eurowag slides as TA Associates offloads 61m shares in placing

(Sharecast News) - Eurowag slid on Thursday after TA Associates Management sold 61 million shares in the company in a placing. The shares, which represented a stake of around 8.8%, were sold at 92p each.

Once the placing completes, TA Associates will hold a stake of around 17.1%.

Peel Hunt acted as sole bookrunner in respect of the placing, for which Eurowag will not receive any proceeds.

At 0820 BST, the shares were down 5.7% at 92.40p.