Tikehau Shares Plunge as Long-Time Backer Temasek Trims Stake
Antoine Flamarion, co-founder of Tikehau Capital.
Photographer: Nathan Laine/BloombergTikehau Capital SA dropped the most since the company’s 2017 initial public offering after long time shareholder Temasek sold part of its stake in the company at a discount.
The French alternative investment manager dropped as much as 14.12% Friday and was trading at €14.96 euros ($17.366) a share at 1:32 p.m. in Paris. The sharp drop came after Temasek sold about 1.25 million Tikehau Capital shares at €15.25 a share, a 12.46% discount to its closing price Thursday.