Antler sells entire stake in Baltic Classifieds
By Michele Maatouk
Date: Monday 15 Jul 2024
(Sharecast News) - Baltic Classifieds said on Monday after Antler, which is controlled by funds advised by Apax, has sold off its remaining 13% stake in the company in a placing.
Antler sold around 63 million shares at 247p each, raising gross proceeds of approximately £156m.
The sale comprised around 59m ordinary shares sold by Antler to institutional investors, which raised about £146m and 4.2m ordinary shares sold by Antler to the company, raising gross proceeds of about £10m.
The placing was upsized by around 100% from the original size of 30m shares, as announced on 12 July.
BofA Securities acted as sole global coordinator in connection with the placing.
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