Shareholders sell $424 million worth of Scout24 shares

By Kitco News / February 15, 2018 / www.kitco.com / Article Link

MUNICH/FRANKFURT, Feb 15 (Reuters) - Major shareholders in online classified-ads firm Scout24 are selling about 340 million euros ($424 million) worth of stock, bookrunner JP Morgan said on Thursday, accounting for 8.6 percent of the group's total stock.

As part of the sale of about 9.25 million shares, U.S. investor Hellman & Friedman would fully exit the company after having listed it about two years ago, Hellman & Friedman said in a separate statement.

Deutsche Telekom is also among the sellers.

($1 = 0.8024 euros)


(Reporting by Alexander Huebner and Christoph Steitz)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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