Brief: Mutares: To Reduce Stake In Steyr Motors To Strengthen Free Float Due To Very Strong Investor Demand
March 18 (Reuters) - MUTARES SE & CO KGAA MUXG.DE: INTENDED REDUCTION OF THE STAKE IN STEYR MOTORS AG TO STRENGTHEN THE FREE FLOAT DUE TO VERY STRONG INVESTOR DEMAND EXPECTS SIGNIFICANT GROSS PROCEEDS FROM REDUCTION OF STAKE REMAINS VERY CONVINCED OF POSITIVE DEVELOPMENT OF STEYR AND INTENDS TO REMAIN A MAJOR SHAREHOLDER OF STEYR Source text: ID:nEQ8ymXv0a Further company coverage: MUXG.DE (Gdansk Newsroom) ((Gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))
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