selldown

After cancelling a block trade at the end of last month, SK Telecom returns with a bigger deal during the weekend, raising $391 million.

Carlyle exits HDFC through an $838 million block, while Maybank taps the market for $1.19 billion of fresh capital through Malaysia’s largest ever overnight trade.

The second sell-down by London-listed Cairn Energy in three months reduces its stake in the Indian oil and gas explorer to 10.3%.

The heavily anchored deal will increase the free-float in the Indonesian mobile operator to just under 30%.

The Korean power producer sells a 5% block in Kepco Plant Service & Engine on a day when global investors are focused on the US government’s sell-down in AIG.

The US asset manager raises a combined $552 million from two transactions, which were completed on the same night that AIG was in the market selling AIA shares.

The block was done after the close on Friday. Also in the market at the same time was a $342 million sell-down in Indonesian telecom tower company Sarana Menara Nusantara.

The US insurer sells less than one-third of its remaining stake in AIA, prompting speculation it may remain a long-term shareholder. It also plans to buy back up to $5 billion of its own shares from the US government.

The deal is backed by a reverse inquiry and sells to a small number of investors at a tight 4.1% discount.