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Teleios Capital Partners LLC has sold part of its a 16.6% stake in County Kildare, Ireland-based homebuilder, Glenveagh Properties PLC, broker J&E Davy confirmed on Friday. The 12 million shares sold were held by Teleios Global Opportunities Master Fund Ltd and represent a 2.3% stake in Glenveagh. They were sold at €2.15 each, worth €25.8 million. Davy placed the shares with institutional investors in an accelerated bookbuild. The offering was announced after the London market close on Thursday. Glenveagh shares were up 1.4% to €2.22 in London on Friday morning. Glenveagh on Thursday said it intended to participate in the placing by buying shares worth around €10 million as part of its ongoing buyback programme. On Friday, it confirmed it bought back 4.4 million of the shares offered by Teleios, worth €9.5 million. Teleios continues to hold 73.5 million Glenveagh shares, a 14.4% stake and has agreed to a 90-day lock-up for these. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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