Dermapharm founder trims stake with €248m sell-down

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By Aidan Gregory
14 Oct 2020

Wilhelm Beier, the German billionaire founder of Dermapharm Holding, has trimmed his stake in the pharmaceuticals company.

In an accelerated bookbuild after the market close on Tuesday evening, Beier sold 5.38m shares in Dermapharm, a 10% stake in the company.

Berenberg was bookrunner.

At the €46 offer price, the transaction cleared at a 5.8% discount to the closing price of Dermapharm on the day. ...

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