Warburg Pincus and management have sold 3 mio shares in Zentiva in accelerated book building process
Warburg Pincus and management have sold 3 million shares in Zentiva in accelerated book building process
The principal shareholders of Zentiva N.V., Warburg Pincus Ventures International, L.P., Warburg Pincus Ventures L.P., Warburg Pincus Equity Partners L.P., (collectively “Warburg Pincus”) and certain other shareholders of Zentiva N.V., including certain management shareholders, announced on 5 May 2005 that they have sold 3.0 million shares in Zentiva N.V for CZK 800 per share. The size of the transaction amounts to CZK 2,400 million.
Of the shares sold, Warburg Pincus has sold 2.4 million shares. Certain management shareholders sold 0.6 million shares with the majority of the proceeds used to repay loans relating to the acquisition of shares as part of an employee share offering that took place in advance of the IPO.
Post this transaction Warburg Pincus will continue to be Zentiva’s largest shareholder with 48% of the issued share capital. The combined management shareholding will be 12%.
Merrill Lynch International acted as a sole bookrunner and lead manager, WOOD & Company as co-manager and sole domestic manager.
Of 3 million shares sold, WOOD & Company has sold to its clients 620,000 shares, which is more than 20% of the total transaction size.
WOOD & Company is the leading equity broker on the Czech market. Since its foundation in 1991, the firm has focused on securities trading and corporate advisory. WOOD & Company executed trades with a volume of CZK 201.3 billion in 2004, giving the company a 21% market share. To learn more about WOOD & Company, log onto www.wood.cz
Please contact andrea.ferancova
wood.cz or vladimir.jaroswood.cz for further information.