Odin offloads Korea Aerospace stake in block trade

Private equity group Odin Holdings sells its 5% stake in the aircraft manufacturing and services company, raising as much as $143 million.

Odin Holdings on Monday night sold its entire stake in Korea Aerospace Industries in a block trade worth up to $143 million, according to a term sheet.

Private equity firm Odin held a 5% stake in the aircraft manufacturer and last night aimed to sell up to 4.9 million shares at a price range of 30,360 - 30,990 won each $28.29- $28.88.

Shares priced overnight in Hong Kong at 30,830 won, a 3.5% discount to the February 10 close.

The stock opened the day’s trading at 31,700 won, hitting a peak of 32,800 won before settling at 31,950 won. Korea Aerospace shares are...

¬ Haymarket Media Limited. All rights reserved.

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222