Private equity firm CVC sells 6.3 percent stake in Abertis
MADRID, Nov 19 (Reuters) - British private equity firm CVC (Taiwan OTC: 4744.TWO - news) Capital Partners (LSE: 0LSM.L - news) is selling a 6.3 percent stake in Spain's Abertis (Amsterdam: IF6.AS - news) , broker Merrill Lynch said on Thursday.
Merrill Lynch said in a statement it was placing 59.7 million Abertis shares in an accelerated book build on behalf of Trebol International, a CVC investment vehicle.
CVC currently holds a 7.1 percent stake in the Spanish toll road operator. It (Other OTC: ITGL - news) had already sold a 7.5 percent stake in the group earlier this year. (Reporting by Julien Toyer, Editing by Sarah White)