UBS UBS Group AG

   By Nathan Allen 
 

Citigroup Inc. (C) and UBS Group AG (UBS) have completed a private placement of 4 million shares in Spain's Aena SME SA (AENA.MC), generating proceeds of 696.5 million euros ($827.8 million), according to a filing submitted Wednesday to Spain's market regulator.

The two banks said they carried out the placement on behalf of TCI Fund Management and Talos Capital Designated Activity.

Investors paid EUR174.12 per share to participate in the placement, equivalent to a 3% discount on Tuesday's closing price.

The block of shares represents about 2.7% of Aena's total share capital and, following the placement, TCI and Talos Capital together hold an 8.29% stake in Aena, according to the filing.

Aena, which manages 46 airports in Spain and 16 abroad, is majority owned by the Spanish state.

Write to Nathan Allen at nathan.allen@dowjones.com

(END) Dow Jones Newswires

May 16, 2018 02:44 ET (06:44 GMT)

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