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Schouw and Co divests entire stake in Vestas for DKK 612 million

Monday, 30 Dec 2013 02:49am EST 

Schouw and Co A/S:Says from Nov.29 to Dec. 27 sold its entire holding of 4,000,000 shares in Vestas Wind Systems A/S, equal to 1.96 percent of that company's share capital.Says selling the shares has produced net cash proceeds of 612 million Danish crowns.Says the proceeds will further strengthen the group's possibilities for investing in sustained growth, and the proceeds will form an integral part of the group's overall capital structure. 

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