Overview
- Through Nerifan, part of Nortia Capital, Lao is placing 40.7 million shares via an accelerated bookbuild with Citigroup Global Markets Europe as sole bookrunner.
- The placement is live and may close at short notice, with the final price and allocations to be disclosed only after completion.
- Participation is limited to qualified investors in the EEA and the UK, excluding markets such as the United States, Australia, Canada, Japan and South Africa due to regulatory restrictions.
- Nortia characterizes the divestment as asset rotation following a period of maturation and value creation, highlighting initiatives like the Andrómeda tech fund and the Serena infrastructure fund.
- Following the sale, disclosed major holders include Disa Corporación Petrolífera at about 14.6%, José Manuel Loureda (Prilou) at 6.7%, Grupo Corporativo Fuertes at 6.3% and Rubric Capital Management at 4.43%.