Australia's Guzman y Gomez falls after top stakeholder cuts 20% stake

Pinnacle Investment Management

Wed 04:48

** Shares of Guzman y Gomez GYG.AX fall as much as 2% to A$26.17
** TDM Growth Partners sold 3.5 million shares, or 20% of its stake in co, via an off-market block trade, says Mexican-themed fast-food chain
** TDM now retains about 14% of co's total outstanding shares and drops to second-largest shareholder after Pinnacle Investment Management group PNI.AX  
** YTD, stock up 22.3%

(Reporting by Jasmeen Ara Shaikh in Bengaluru)
((Jasmeenaraislam.Shaikh@thomsonreuters.com;))