Fuchs Petrolub falls as Mawer Investment Management sells shares in co
29/06/2023 07:47
** Shares in Fuchs Petrolub FPEn.DE drop 5% in early
Frankfurt trade after Mawer Investment Management sold about 2.5
million shares in the German lubricant maker
** Shares were placed in accelerated bookbuilt offering at
of 27.05 euros per share, a bookrunner says
** The placement price represents a 22% discount to Fuchs
Petrolub's closing price of 34.88 euros on Wednesday
** The stock is seen at the bottom of the German mid-cap
index .MDAXI
(Reporting by Linda Pasquini)
((Linda.pasquini@thomsonreuters.com))