Haniel says not in talks with CVS to sell Celesio stake

DUESSELDORF, Germany, June 19 Wed Jun 19, 2013 9:54am EDT

DUESSELDORF, Germany, June 19 (Reuters) - Diversified holding company Franz Haniel & Cie on Wednesday said it was not in talks with U.S. group CVS to sell its 50.01 percent stake in German drug distributor Celesio, denying an earlier press report.

A Haniel spokesman also said that Celesio remained a core investment for the group.

German monthly manager magazin reported earlier that CVS was prepared to take over Haniel's stake in the group, citing industry sources.