Plattner sells 0.3% of German software group SAP via rare €370m block trade
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.
Launched at around 5.30pm in London, the block trade of 3.75m shares was priced at €98, a 1.5% discount to the €99.55 closing price of SAP on Monday. The deal size was €367m.SAP’s share price has risen 20% this year, giving it a market capitalisation of ...
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