Waddell & Reed exits Citic Securities and CPIC
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.
September 09, 2012
When the Hang Seng Index erased the last of this year’s gains a couple of weeks ago, bankers predicted that the share price clump may trigger more block trades as investors try to secure some profit — or perhaps cut their losses — ahead of the half-year mark. Or as one banker put it, “there could be a lot of motivated sellers.”
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