FBD's major shareholder sells 4.5 million shares
28/06/2006 - 18:21:44Farmer Business Developments plc has announced that it has today disposed of 4.5 million shares in FBD Holdings plc for a consideration of €153m.
The transaction was effected via a placing on the Irish Stock Exchange.
Following the transaction, Farmer Business Developments plc maintains its position as the largest shareholder in FBD Holdings plc, with a holding of 8.5 million shares, representing 24.8% of the issued share capital.
It said it is committed to remain as a strategic long-term investor in FBD Holdings plc.
