BREAKING NEWS

SAP founder and chairman sells 100 million euro stake, holding now 6.2%

SAP founder and chairman sells 100 million euro stake, holding now 6.2%
FILE PHOTO: Hasso Plattner, Chairman of the Supervisory Board of SAP attends the company's annual general meeting in Mannheim, Germany, May 15, 2019. REUTERS/Ralph Orlowski -
Copyright
RALPH ORLOWSKI(Reuters)
Text size Aa Aa

BERLIN (Reuters) – Hasso Plattner, co-founder and chairman of German software house SAP <SAPG.DE>, has sold a stake worth around 100 million euros (£85.6 million), putting a slight dent in his multi-billion-euro holding.

The divestment, disclosed in a series of regulatory filings, would reduce Plattner’s holding in Europe’s most valuable technology firm to an estimated 6.2% from the 6.3% disclosed in February of this year, according to an SAP spokesman.

Plattner, 75, founded SAP in the early 1970s with a group of former colleagues from IBM. He continues to exert great influence over the company, orchestrating the hiring of co-CEOs Jennifer Morgan and Christian Klein last month.

(Reporting by Douglas Busvine; Editing by Kirsten Donovan)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.
Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.