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The vibrant activity in the equity block trade market this week is continuing tonight, with three more selldowns of stock in European companies, including the last sale of stock in Worldpay, the UK payments group, by Advent International and Bain Capital, for about Pound600m.
Bank of America Merrill Lynch, Morgan Stanley and Goldman Sachs launched the sale of all Advent and Bain's remaining shares in Worldpay after the market close this evening, at 282.75p to market, a tight maximum discount of 1.72%.
"It's going fine, the books are covered and close at 7pm," said a banker on the deal. By 6.35pm, no refinement to price guidance had been given.
Worldpay's...