[Alpha Biz= Reporter Kim Jisun] BlueRun Ventures (BRV), the second-largest shareholder of EcoPro Materials, sold part of its stake through a block deal.
According to the investment banking (IB) industry on the 20th, BRV sold shares worth a total of $150 million (approximately 204.6 billion won) in EcoPro Materials through a block deal after the market closed that day. The shares were sold at 93,000 won per share, reflecting a 9.7% discount from the closing price of 103,000 won per share that day. Goldman Sachs, UBS, and KB Securities managed the block deal.
BRV, which participated as a major investor when EcoPro Materials was established in 2017, has held a total of 24.43% of EcoPro Materials shares through two funds. It appears that the company took advantage of the opportunity to realize some profits following the expiration of the lock-up period on the 17th of this month.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
