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(Alliance News) - Energean PLC on Thursday said Third Point Hellenic Recovery Fund LP has launched a placing to sell 10.0 million Energean shares.
The FTSE 250-listed oil and gas firm said the secondary placing will take place through an accelerated bookbuild, with the books opening immediately. The sale is subject to demand, price and market conditions and is expected to close no later than 1830 GMT on Thursday.
Third Point Hellenic Recovery Fund appointed Stifel Nicolaus Europe Limited and Peel Hunt LLP to act as joint bookrunners in relation to the placing.
Shares in Energean were down 3.6% at 897.10 pence in London on Thursday.
By Zoe Wickens; zoewickens@alliancenews.com
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