Permira selling 12 million shares in Germany's TeamViewer, says bookrunner
Tweet
Share
E-mailBERLIN (Reuters) - Private equity investor Permira is selling 12 million shares in German software company TeamViewer through an accelerated bookbuilt offering, the bookrunner on the deal said on Tuesday.
Permira floated TeamViewer in September 2019 and has since sold down its stake gradually. At Tuesday's closing price of 46.50 euros, the stake would be worth 558 million euros ($676 million) although such placements are usually done at a modest discount.
($1 = 0.8260 euros)
(Reporting by Douglas Busvine; Editing by Edmund Blair)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- German police probe arson attack on defence tech firm in Munich
- Foreign support, drones fuel Sudan war and possible war crimes, UN probe says
- Kenya private sector activity slows in August, PMI shows
Create E-mail Alert Related Categories
ReutersRelated Entities
PermiraSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
