Colt CZ shares fall 2.7% as small group of shareholders plan sale

Colt CZ SE

08/06/2023 08:02

PRAGUE, June 8 (Reuters) - Shares in Czech gunmaker Colt
CZ Group  CZG.PR  fell around 2.7% in Prague on Thursday after a
Wednesday evening announcement that a small group of
shareholders planned an accelerated bookbuilding process.
    A trader said some investors were nervous on the sale
result. 
    The company announced on Wednesday that shareholders planned
to sell up to 599,035 shares, or 1.74% of the firm's share
capital.
    

 (Reporting by Jason Hovet; editing by Jason Neely)
 ((jason.hovet@thomsonreuters.com;))