LDC Sells Stake in Fevertree as Shares Spike
July 08 2015 - 1:03PM
Dow Jones News
LONDON--Fevertree Drinks PLC (FEVR.LN) Wednesday said LDC, a
private-equity arm of Lloyds Banking Group PLC, sold its entire
stake of 5.96 million shares, or 5.17% of the stock.
LDC cashed in as Fevertree, which makes tonic and other mixers,
said it expects its 2015 results to be ahead of its prior
expectations, prompting shares to rise sharply.
The stock closed 26 pence or 9% higher at 316 pence, valuing
LDC's stake at around GBP18.8 million ($28.9 million).
Shares in Fevertree have climbed 86% since its 170 pence-a-share
flotation last November.
Write to Ed Ballard at ed.ballard@wsj.com
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