ING sold 43.4% shares of Pegas Nonwovens owned by Pamplona Capital Partners. Accelerated bookbuilding ended yesterday after market close. According daily press the offer was 1.5 oversubscribed by funds and investment banks. Price was set at CZK 780 which implies EUR 109.1m for entire 43.4% stake. Free float is currently at 98%, 2% stake is still owned by management. Pamplona notified possible sale of its share in Pegas on July 4. Our view: News came out yesterday morning and Pegas weakened by 1.9%.