| Equities desks are homing in on a potential block trade of the Abu Dhabi Investment Authority's stake in Transurban Group. Street Talk understands the sizeable holding, although less than the substantial shareholder threshold, has piqued the interest of several banks particularly after a 13.5 per cent rally in Transurban stock this year.
ADIA is no stranger to blocks but bankers know it's an uphill battle pitching to the sovereign wealth fund. Sometimes they run a trade through an ECM team - other times they go straight to the sales trader who they think will get the job done...............................................Full Article: Source
|