Plattner sells 0.3% of German software group SAP via rare €370m block trade

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Plattner sells 0.3% of German software group SAP via rare €370m block trade

Aidan Gregory
November 06, 2017 06:00 pm
Hasso Plattner PA 230x150
Hasso Plattner, chairman of the SAP supervisory board, seen at the shareholders' meeting of the software company in Walldorf, Germany, 12 May 2016. Photo: UWE ANSPACH/dpa | Uwe Anspach/DPA/PA Images

On Monday night, UBS led the sale of a 0.3% stake in SAP, the German software company, for its co-founder and biggest shareholder, Hasso Plattner. It is the first equity capital markets deal in the stock for 11 years, according to Dealogic.

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GermanyUBSEquityABBs-Block TradesEuropeEMEA
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Aidan Gregory
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