Rheinmetall owning family says sells stake


FRANKFURT, Nov 29 (Reuters) - The Roechling family that controls German defence and car parts firm Rheinmetall has sold its stake in the company through a placement to institutional investors, it said on Monday. The family said in a statement that it had sold shares amounting to 73.7 percent of the common stock and 10.48 percent of the preferred stock. The shares have been sold to more than 75 institutional investors, it said. The family announced last Wednesday that it was selling the ...

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