March 16, 2020 / 5:40 PM / 15 days ago

Priora Suisse to sell 3% stake in Vifor Pharma

March 16 (Reuters) - Swiss real estate firm Priora Suisse said on Monday it will sell 2 million shares of pharmaceutical company Vifor Pharma, or about a 3% stake.

Priora Suisse is controlled by entrepreneur Remo Stoffel, who holds a 12.8% stake in Vifor Pharma, according to Refinitiv Eikon data.

The company said the sale will be undertaken through an accelerated bookbuild offering. (Reporting by Samantha Machado in Bengaluru; Editing by Ramakrishnan M.)

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