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

Published 20/11/2019, 17:08
© Reuters. SAP holds annual general meeting in Mannheim
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BERLIN (Reuters) - Hasso Plattner, co-founder and chairman of German software house SAP (DE:SAPG), 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 (NYSE:IBM). He continues to exert great influence over the company, orchestrating the hiring of co-CEOs Jennifer Morgan and Christian Klein last month.

© Reuters. SAP holds annual general meeting in Mannheim

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