Harbour Energy shares drop as shareholder divests via secondary placing

A major Harbour Energy PLC (LSE:HBR) shareholder has cut its stake in the oil and gas producer, with Potomac View Investments, an entity managed by EIG, placing 60 million shares with institutional investors for gross proceeds of about £153 million. The accelerated bookbuild was priced at 255p per share, with the stock sold representing around 3.8% of Harbour Energy's issued share capital.