Brief: Kabelconcept Hornig reduces stake in Groclin to 10.67 pct

Less SA

05/12/2016 07:07

Dec 5(Reuters) - Groclin SA  GCN.WA : 
    * Said on Friday that Kabelconcept Hornig GmbH, a company 
controlled by Groclin CEO Andre Gerstner, sold stake in Groclin 
    * In total, Kabelconcept Hornig sold 800,000 shares  
    * Kabelconcept Hornig reduces stake in the company to 10.67 
pct from 17.58 pct 
    * Units controlled by Andre Gerstner (Kabelconcept Hornig 
and Gerstner Managementholding) own now 36.30 pct stake in the 
company (vs 43.21 pct prior to the transaction) 
 
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM0273159 
     
 Further company coverage:  GCN.WA   
    
 
 
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