(Bloomberg) – European inventory costs are trading near all-time highs driven by corporations and shareholders making money at up to $5 billion in stock on Tuesday, with a $2. 9 billion stake sale in personal equity company EQT AB leading the way.
At least 8 offers reached traders’ screens after markets closed, with KKR shareholders
EQT’s partners and control are shedding 25. 1 billion kroner ($2. 94 billion) of the company’s percentages in the largest percentage sale in Europe since February 2020, according to knowledge compiled through Bloomberg. a lock-up agreement of its IPO in 2019.
Volumes of this type in a single day are in the European market, which has recorded 50 sales of shares in the last 3 months, according to the data. The last time the region experienced such a barrage of inventory offerings was in May last year. .
“It’s unexpected to see such a high activity point after the United States. Labor Day,” said François-Olivier Mercier, head of UBS Group AG’s Capital Markets Union for Europe, the Middle East and Africa. “Today is the first day of the return to full liquidity after the summer and the window into the third quarter blackout periods will only last a few weeks,” he said.
European stocks are soaring around an all-time high reached in mid-August thanks to strong corporate earnings and economic growth prospects, but now the focus has been on inflation and financial policy risks, with investors waiting for the European Central Bank’s meeting to be held on Thursday. clues about how you will want to temporarily reduce the emergency stimulus.
There was no shortage of buyers for Tuesday’s inventory sales. The order books for the sales of SoftwareOne, TietoEVRY, Huber Suhner, EQT, Adecco were covered a few minutes after the opening of their offers.
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