Jahr Vermögensverwaltung sells major part of its participation in Henkel
Henkel family increases share of common stock.
Jahr Vermögensverwaltung (asset management) GmbH & Co. KG, Hamburg, Germany, a holding of the Hamburg publisher family Jahr, sold a major part of its participation of more than 5 % of the common stock of Henkel KGaA, Düsseldorf, to members of the Henkel family in exchange for Henkel preferred shares. The preferred shares swapped by Jahr are currently being placed by Deutsche Bank through an accelerated offering with institutional investors. The partnership agreement with the participants of the Stock Transfer Restriction Agreement of the Henkel family was terminated by mutual agreement. Jahr Vermögensverwaltung stated that this block of shares is sold solely for internal reasons.
The amount of common stock of 51.48 percent bound under the Stock Transfer Restriction Agreement by members of the Henkel family remains unaffected by this swap.