Tag Archives: Bernard Arnault

Betfair investors net £260 million in share offload

SBC News Betfair investors net £260 million in share offload

Reacting to strong market interest driven by its announced £6 billion merger with competitor Paddy Power, top shareholders in Betfair have sold up to 8 million shares at £32.50 according to Barclays the firm’s sole trading book-runner. The mass sale of Betfair shares was conducted by Brussels based investment firm La Peigne SA, which manages investments on behalf of Bernard …

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