UBS Warburg has transacted a £87.2m (€142m) block trade in Anglo American, the mining group, just one day after raising £19.7m for Marlborough Stirling, the UK-based software company, in an accelerated bookbuild.
UBS sold 10 million Anglo American shares on Wednesday at 872p, a discount of 1.2% to Tuesday's closing price. The shares closed at 881p on Wednesday and are currently trading at 875p. UBS said the shares were sold to UK and continental European investors. The sale was on behalf of Central Holding Ltd, a Luxembourg-based discretionary trust controlled by members of South Africa's Oppenheimer family. The bank said the family still retained 53 million Anglo American shares and that they do not intend to make any further disposals before the end of the year.