Macquarie Asset Management, the No. 2 shareholder of LG CNS, has cashed out again through a block deal (after-hours bulk trade) following August.
According to the investment banking (IB) industry on the 5th, Crystal Korea, a special-purpose company (SPC) established by Macquarie, sold 7.4 million shares (7%) of LG CNS common stock at 60,242 won per share. The total is 446 billion won. The 60,242 won price is a 9% discount from the previous day's close of 66,200 won.
Earlier, in Apr. 2020, Macquarie acquired 35% equity in LG CNS from LG for about 1 trillion won. During the listing process, it recouped 600 billion won through a secondary offering of existing shares, and in Aug. this year sold an additional 5.6% via a block deal, earning 347.8 billion won.
It is known that the recovery of the principal investment was already completed through dividends and a recap. The 446 billion won recovered this time is additional revenue.