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Europe's equity capital market lost no time in hitting back after the scary start of Monday, when world markets tumbled after China's stockmarket went into freefall and Saudi Arabia and Iran's war of words became more rancorous.
China steadied itself on Tuesday, however, allowing the rest of the world's more optimistic side to show through. European stocks firmed 0.4% and that was enough to bring two substantial deals into the market -- both of which went extremely well.
Block trade business began in earnest as ING Group announced a EUR 1bn sale of stock in Nationale-Nederlanden Group, the insurance subsidiary it was forced to spin off through a EUR 1.77bn IPO in 2014.
After three large block trades selling down the stock last year, totalling over EUR...