Brief: Kabelconcept Hornig reduces stake in Groclin to 17.58 pct

Less SA

28/11/2016 07:49

Nov 28 (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 790,000 shares for 14.4 
zloty  ($3.47) per share 
    * Kabelconcept Hornig reduces stake in the company to 17.58 
pct from 24.40 pct  
    * Units controlled by Andre Gerstner (Kabelconcept Hornig 
and Gerstner Managementholding) own now 43.21 pct stake in the 
company (vs 50.03 pct) 
 
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM2571707 
     
 Further company coverage:  GCN.WA   
    
 
 
 
($1 = 4.1440 zlotys) 
 
 (Gdynia Newsroom) 
 ((Gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))