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MARKETS

Second major investor drops stake in ASX heavy hitter 

THE AFR reported yesterday that one of Oil Search's cornerstone investors Mubadala Investments, the United Arab Emirates sovereign wealth fund, is selling a 4.5% stake of its holding via Citi bringing its stake to below 5%.

Helen Clark
Citi running sale

Citi running sale

It has held the stake, which equates to 94 million shares, for around 13 years and is worth $363 million.    The shares are being offered to large institutionals at a 1.4% discount, priced at $3.865...

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