Straumann Holding AG (STMN)’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.
Straumann’s stock has fallen 71 percent from its 2007 peak as the recession prompted consumers to cut back on discretionary spending. Thomas Straumann cited the “prevailing weak economic environment” as the reason he had to raise funds to meet other investment obligations. Full story
Related:
Straumann sells 10 percent stake to Singapore fund - Reuters UK
