4 October 2011
Alfa Capital Holdings Ltd (Cyprus) disposed of all its Regal Petroleum (LSE: RPT LN, N/R) shares, according an announcement this morning on the London Stock Exchange. Alfa Capital bought 31.8 mln shares of Regal Petroleum, representing a 9.92% stake, in September. Antonina Davydenko: Alfa Capital was viewed as a portfolio investor in Regal. We view the announcement as negative for the stock, implying investor flight from emerging markets. Yesterday’s closing price was 7% below the acquisition price on September 26.