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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

Straumann investor sells a 10pct stake to Singapore fund

Posted on 27 November 2012

Straumann Holding AG (STMN)’s vice chairman sold a 10 percent stake in the dental-implant manufacturer to Government of Singapore Investment Corp. to meet other financial commitments, making the fund its second-largest shareholder.
The sale reduces Thomas Straumann’s stake to 17 percent and increases the Singaporean sovereign-wealth fund’s holding to 14 percent, the Basel, Switzerland-based company said in a statement today. Mark Hill, a spokesman for Straumann Holding, declined to comment on the price the stake was sold at or the specific reason the vice chairman needed the money………………………………………..Full Article: Source


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