Quote Originally Posted by ronaldson View Post
Auckland Council sell down underway. 11.154m at $8.15 and 25.890m at $8.11, with 66.053m now in the gentle hands of UBS under a block trade agreement at $8.10 - is the latter effectively an underwrite pending ongoing disposal action?

No SPH filing yet to indicate who may have purchased (if indeed that takes the buyer over the disclosure threshold, or they already are and need to notify the top up).

Interesting.

The block trade was widely distributed amongst local and Aussie fund managers and institutions, as well as some of the retail brokers. I don't think we will see a major move in SSH.