Major shareholder Blackstone places 10 million ...
Source - GNW
Amsterdam - September 7, 2016 - Intertrust N.V. ("Intertrust" or "the Company") [ticker symbol INTER], a leading global provider of high-value trust and corporate services, announces that it has been informed that Blackstone Perpetual Topco S.à r.l., an entity controlled by investment funds managed by Blackstone Group L.P. ("Blackstone"), the major shareholder of Intertrust, has placed 10 million Intertrust shares at 19.50 per share with institutional investors via an accelerated bookbuild. Following this transaction, Blackstone owns 34.26% of Intertrust shares. This transaction was led by Deutsche Bank AG, London Branch, acting as sole bookrunner.
Director of Investor Relations, Marketing & Communications
About Intertrust Intertrust is a leading global provider of high-value trust and corporate services, with a network of 37 offices in 26 jurisdictions across Europe, the Americas, Asia and the Middle-East. The Company focuses on delivering high-quality tailored services to its clients with a view to building long-term relationships. Intertrust's business services offering is comprised of corporate services, fund services, capital market services, and private client services. Intertrust has leading market positions in selected key geographic markets of its industry, including the Netherlands, Luxembourg, the Cayman Islands and Guernsey.
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients. The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Intertrust Group via Globenewswire