hold-Teamviewer falls after TigerLuxOne (Permira) launches shares placement

TeamViewer SE

21/11/2023 08:29

Nov 21 (Reuters) -    ** Shares in Teamviewer  TMV.DE 
fall over 7% after Deutsche Bank  DBKGn.DE  launched on Monday
on behalf of TigerLuxOne(Permira) placement of 13 mln shares in
the German software company 
    ** The shares were placed at 13.90 euros each, below last
closing price on Monday at 14.96 euros, at a discount of about
8% 
    ** A local trader points that this is about a third of the
stake Permira has left and the stake should shrink to about
13.6%
    ** TigerLuxOne has agreed to a 90-day lock-up following the
completion of the placement
    ** Teamviewer set for the worst day in half-year, at the
bottom of the German mid-cap index  .MDAXI  


 (Reporting by Elizaveta Gladun)
 ((elizaveta.gladun@thomsonreuters.com))