01.09.2016 - Straumann Shares Fall by Most in One Year After GIC Stake Sale
Straumann Holding AG shares fell by the most in a year after Singapore’s sovereign wealth fund GIC Pte reduced its stake in the Swiss dental-implant manufacturer. Straumann today said GIC, its second-largest shareholder, reduced its stake in the firm from 14 percent to less than 5 percent in a sale of 1.4 million shares . GIC bought a 10 percent stake in 2012 from Straumann’s vice chairman. Its investment has nearly quadrupled since then, according to Sibylle Bischofberger, an analyst at Zuercher Kantonalbank...............................................Full Article: Source
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