Umicore (UMI.BR) Stock Drops 11% as Major Investor Sells Half Its Position
TLDR Umicore shares dropped nearly 11% after Belgian holding company GBL sold half its stake through an accelerated bookbuild GBL offloaded 19. 6 million shares (8% of Umicore’s equity) at 15. 35 euros per share, raising about 300 million euros The sale cuts GBL’s ownership from 16% to 8%, with the company agreeing to a 90-day lock-up [.] The post Umicore (UMI. BR) Stock Drops 11% as Major Investor Sells Half Its Position appeared first on CoinCentral.