Evotec shares jump as Triton becomes biggest shareholder with near 10% stake

Evotec SE

11/11/2024 10:48

Nov 11 (Reuters) - Shares in Evotec  EVTG.DE  jumped as
much as 13.3% on Monday after regulatory filings showed private
equity firm Triton had built an over 9% stake in the German drug
development company.
    Evotec confirmed to Reuters that Triton now holds a 9.99%
stake in the company, making it its biggest shareholder, but
said this had no impact on its day-to-day operations.
    Triton raised its stake to 3% on Nov. 4 and to 9% as of Nov.
5, regulatory filings published on Monday showed.
    The shares were trading 11.6% higher at 1042 GMT. Including
the session's rise, they were down 60% since the start of 2024.

 (Reporting by Isabel Demetz in Gdansk; editing by Milla Nissi)
 ((Isabel.Demetz@thomsonreuters.com;))