Shareholders in Denmark's ISS sell 17 pct of shares for $885 mln

Tue Sep 9, 2014 3:25am EDT
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COPENHAGEN, Sept 9 (Reuters) - The main shareholders in Denmark's ISS have sold 16.7 percent of the company's existing shares for $885 million, the catering and cleaning company announced on Tuesday.

The shareholders, private equity firm EQT, funds advised by Goldman Sachs, and Ontario Teachers' Pension Plan initially planned to sell 23 million shares in a bookbuilding process, but decided instead to increase this to 31 million shares due to "strong investor demand".

At a price of 165 Danish crowns per share, the shares in the placement were sold at a 4.9 percent discount to Monday's closing price of 173.50 crowns per share. At 0720 GMT ISS' shares traded at 166.90 crowns per share, down 3.8 percent.

(1 US dollar = 5.7792 Danish crown) (Reporting by Teis Jensen; editing by Sabina Zawadzki)