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Straumann investor sells a 10 percent stake to Singapore fund

from Bloomberg

Straumann Holding AG's vice chairman sold a 10 percent stake in the dental-implant manufacturer to Government of Singapore Investment Corp. to meet other financial commitments, making the fund its second-largest shareholder. The sale reduces Thomas Straumann's stake to 17 percent and increases the Singaporean sovereign-wealth fund’s holding to 14 percent, the Basel, Switzerland-based company said in a statement. Mark Hill, a spokesman for Straumann Holding, declined to comment on the price the stake was sold at or the specific reason the vice chairman needed the money. more

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