FRANKFURT Nov 27 Family-owned conglomerate Haniel said on Tuesday it would reduce its stakes in retailer Metro and drugs distributor Celesio to reduce its debt to less than 2 billion euros ($2.59 billion).
Haniel said it would place around 7.9 million shares in Celesio in the short term by way of an accelerated bookbuilding to institutional investors.
Celesio shares will be offered at between 12.20-12.50 euros a share, a source familiar with the matter said on Wednesday.
Furthermore, Haniel's board approved the sale of about 4.24 percent of Metro shares within the next 18 months, representing a total volume of about 13.7 million shares, Haniel said. (Reporting By Edward Taylor and Alexander Huebner; editing by Maria Sheahan)
Aixtron, Fujian to explore what is left of deal after U.S. veto
FRANKFURT, Dec 3 German semiconductor equipment maker Aixtron will explore with its Chinese suitor what can be salvaged of the planned takeover after a U.S. presidential order ruled the deal posed a national security risk, the company said on Saturday.