Antler sells entire stake in Baltic Classifieds
![Baltic Classifieds Group | Sharecast graphic / Josh White dl baltic classifieds group plc ftse 250 bcg technology software and computer services consumer digital services logo](https://img5.s3wfg.com/web/img/images_uploaded/c/9/dl-baltic-classifieds-group-plc-ftse-250-bcg-technology-software-and-computer-services-consumer-digital-services-logo_620x350.jpg)
Baltic Classifieds Group
282.00p
16:45 06/09/24
0.53%
1.50p
Baltic Classifieds said on Monday after Antler, which is controlled by funds advised by Apax, has sold off its remaining 13% stake in the company in a placing.
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Antler sold around 63 million shares at 247p each, raising gross proceeds of approximately £156m.
The sale comprised around 59m ordinary shares sold by Antler to institutional investors, which raised about £146m and 4.2m ordinary shares sold by Antler to the company, raising gross proceeds of about £10m.
The placing was upsized by around 100% from the original size of 30m shares, as announced on 12 July.
BofA Securities acted as sole global coordinator in connection with the placing.