trending Market Intelligence /marketintelligence/en/news-insights/trending/3RSbvo445F5BRAQ_mMCGkg2 content esgSubNav
In This List

EBRD cuts stake in Georgia's TBC Bank

Blog

Banking Essentials Newsletter: 7th February Edition

Case Study

A Bank Outsources Data Gathering to Meet Basel III Regulations

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)

Blog

Banks’ Response to Rising Rates & Liquidity Concerns


EBRD cuts stake in Georgia's TBC Bank

The European Bank for Reconstruction and Development sold 30% of its stake in TBC Bank Group Plc to U.K., U.S. and European institutional investors.

The bank off-loaded 1.9 million shares through an accelerated bookbuild offering after market close June 5, with the deal closing at a small discount to the prior-day closing price of £17 per share. The bank agreed to a 90-day lock-up period on its remaining stake.

TBC Bank Group has 52,682,843 shares in issue, according to S&P Global Market Intelligence data, implying that the shares sold by the EBRD amount to roughly a 3.6% stake.

TBC Bank Group is the London-listed parent of Georgian lender JSC TBC Bank.