Busy night sees four block trades hit the market

NEC offloads its entire stake in Lenovo, raising $230 million, while Prudential exits Taiwan's China Life Insurance through a $156 million transaction.
<div style="text-align: left;">
NEC last night sold its entire stake in Chinese PC maker Lenovo
</div>
<div style="text-align: left;"> NEC last night sold its entire stake in Chinese PC maker Lenovo </div>

It didn’t look like the most obvious day to do a deal with the US closed for Labour Day on Monday and Asian stock markets under pressure yesterday after Moody’s downgraded its outlook on the EU, but four block trades nevertheless hit the market after the close.

¬ Haymarket Media Limited. All rights reserved.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Share our publication on social media
Share our publication on social media