Royal Bank of Scotland and private equity firm CVC Capital Partners sold their combined $528 million shares in luggage maker Samsonite International, Reuters said.
According to a sheet seen by Reuters, each share, which amounts to 212.4 million, was sold at HK$19.28, which would place the overall deal at about HK$4.1 billion. This also shows that CVC Capital sold about 65 percent of the shares and the rest are by RBS.
In 2011, Hong Kong listed Luxembourg-based Samsonite in a $1.25 billion initial public offering in which both RBS and CVC jointly raised about $821 million through IPO.
The IPO, which exited the holdings of CVC and RBS in Samsonite, was solely managed by Goldman Sachs.
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