* Shares placed at 41.25 euros
* Goldman Sachs and Perry sell after lock-up period expires
* LEG shares down 4.2 pct
(Adds details, updates shares)
FRANKFURT, Oct 22 Goldman Sachs and Perry
Capital have cut their stakes in LEG Immobilien by
selling shares worth 289 million euros, the first sale by the
major shareholders since the German property group's bourse
debut this year.
After a sale of a combined stake of 13.2 percent, Goldman
cut its share in LEG to around 29 percent, while Perry's stake
has fallen to around 7.7 percent.
Before the sale, Goldman had 40.85 percent and Perry 9.15
percent. LEG shares were down 3.8 percent at 41.9 euros at 1101
GMT, the biggest decliner in a German midcap index that was down
In January, Goldman and Perry, who at the time had 95
percent and 5 percent of LEG shares respectively, offered just
over half the firm's shares on the Frankfurt stock exchange at
44 euros each.
Goldman Sachs said on Tuesday 6.25 million of its LEG shares
were placed, while 753,200 shares held by Perry were placed.
($1 = 0.7312 euros)
(Reporting by Alexander Huebner; Writing by Ludwig Burger and
Harro ten Wolde; Editing by Patrick Lannin)