SAP co-founder sells shares worth 120 million euros

FRANKFURT (Reuters) – SAP’s co-founder Hasso Plattner sold shares in the German business software maker worth 120 million euros ($ 155.74 million), divesting a portion of his overall stake, the company said on Friday. To protect the stock price, a bank will place 10 million euros worth of the shares every month until no more are left. “The sale will be carried out at the bank’s own discretion in the stock market or over the counter, for the first time in November 2012 and then again in the months January through November 2013,” SAP said in a regulatory statement. …
Tech News Headlines – Yahoo! News

This entry was posted in Technology and tagged , , , , , . Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>