ENXTBR:UMIChemicals
Why Umicore (ENXTBR:UMI) Is Down 13.6% After GBL Halves Its Stake in Accelerated Bookbuild
Belgian holding company GBL recently sold half its stake in Umicore through an accelerated bookbuild, reducing its ownership from 16% to 8% and committing to a 90-day lock-up on its remaining shares.
This transaction reflects GBL’s broader plan to streamline its portfolio towards private assets and follows a period of recovery for Umicore’s share price.
We'll assess how GBL's sizable stake reduction impacts Umicore’s investment outlook and potential capital structure considerations going...