BETFAIR GROUP PLC / INSTITUTIONAL INVESTORS / BERNARD ARNAULT / EDWARD WRAY / disposal of minority / Public / £260m

Synopsis

Wray, sold three million shares in the company yesterday — more than a third of his 9.5% stake — in a placing landing him £97.5 million. Wealth-management firm Le Peigné, which manages money for Arnault and his family, sold five million shares worth £162.5 million.

Principals

target

Betfair Group

bidder

Institutional Investors

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