Credit Suisse Group AG said it plans to sell a 8.6% stake in Allfunds Group via an accelerated book building offering, according to an emailed statement on Thursday.
The 53.9 million Allfunds shares will be offered to money managers through a sale managed by Credit Suisse and Barclays.
Allfunds closed at 6.575 euros, valuing the stake at 354 million euros.
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