WDH/SHARE IN FOCUS: Thyssenkrupp suffer from placement by Cevian

taketonews

(The first paragraph clarifies that it is 3.8 percent of all Thyssenkrupp shares.)

FRANKFURT (dpa-AFX Broker) – thyssenkrupp slipped on Tuesday after a share placement by a major shareholder. On Tradegate, the shares of the steel and industrial group lost 4.4 percent at the Xetra close to EUR 5.166. According to traders, the Swedish investor Cevian sold around 23.4 million shares at a price of 5.15 euros each. This corresponds to around 3.8 percent of the outstanding Thyssenkrupp shares.

Stockbrokers pointed out that Cevian sold Thyssenkrupp shares at twice the price a year ago. In addition, Cevian once held almost 20 percent of the group and paid a price of around 17 euros per share. Thyssenkrupp is a miserable investment for Cevian, she concludes./ajx/mis

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