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Brokers knock around Aurizon

Nov 21, 2018 - Australian Financial Review

Citi's $814 million Aurizon Holdings block trade in September is one equities desks didn't see coming.

The investment bank sold the 10.2 per cent stake for UK fund The Children's Investment Master Fund, which wasn't even showing on the share register as a substantial shareholder.

Citi also disclosed TCI's remaining stake, worth 9.02 per cent of the company, as part of the selldown.

And with TCI in the selling mood, one wonders how long that remaining stake is for this world.

TCI entered a 90-day lock up as part of the September selldown, which is due to expire just before the Christmas br...