Lazard Asset Halves Stake In International Biotechnology Trust To 5% (ALLISS)

(Alliance News) - International Biotechnology Trust PLC said Tuesday Lazard Asset Management LLC ...

Alliance News 18 June, 2019 | 6:34PM
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(Alliance News) - International Biotechnology Trust PLC said Tuesday Lazard Asset Management LLC halved its stake in the healthcare-focused investment firm to 5% from 10% prior after a transaction on Monday.

Lazard Asset held 1.9 million shares in International Biotechnology after the transaction, equivalent to a 5.0% stake in the 38.2 million shares outstanding in the firm. Prior to the transaction, Lazard Asset held a 10.0% stake in International Biotechnology.

Shares in International Biotechnology closed 1.9% higher at 644.00 pence in London on Tuesday.

By Ahren Lester; ahrenlester@alliancenews.com

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Securities Mentioned in Article
Security Name Price Change (%) Morningstar Rating
International Biotechnology Ord 638.00 GBX -1.24
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