Block trade in International Container Terminal raises $83 million

An unnamed corporate vendor sells its entire 2.6% stake in the Philippine company through a well-anchored deal.

Block trade in International Container Terminal raises $83 million

An undisclosed corporate shareholder of International Container Terminal Services ICTSI has raised Ps3.46 billion $83 million from the sale of its entire 2.6% stake in the Philippine company.

The sale, which was completed after the close of trading on Friday, saw good support from other existing shareholders and was priced at the mid-point of the range for a 5.2% discount to the latest close.

With the Philippine stock market trading at record...

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