TA Associates sells 30m Eurowag shares in placing

(Sharecast News) - Peel Hunt said on Friday that TA Associates has sold 30 million shares in Eurowag in a placing. The shares, which represent a stake of around 4.3%, were sold at £1 each.

On completion of the placing, TA Associates will hold just over 88.5m shares in the payments processor, or a stake of 12.7%.

Peel Hunt acted as sole global coordinator and joint bookrunner, while WOOD & Company Financial Services acted as joint bookrunner in respect of the placing.

Eurowag was not party to the placing and will not receive any of the proceeds.

At 0823 BST, the shares were down 8% at 99.40p.

See latest RNS on Investegate