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Provider: Edison Investment Research
Provider: Reuters Investment Profile

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Franz Haniel & Cie GmbH Plans To Cut Stake In Takkt AG To 50.01%-Reuters

Monday, 24 Jun 2013 02:03am EDT 

Reuters reported that Franz Haniel & Cie GmbH said it will cut its shareholding in business equipment firm TAKKT AG from 70.44 % to as low as 50.01% thorough a share placement. Franz Haniel will place up to 13.4 million shares with institutional investors, with bookbuilding set to commence immediately. Bookbuilding is expected to end on June 27, 2013 and will include an overallotment option for up to 1.2 million shares, Haniel said. The placement price is expected to be determined on June 27, 2013 on the basis of the bookbuilding process. 

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