February 26, 2025|
AI
|9 months agoSandoz Foundation to Divest CHF2.6B Novartis Stake
Major shareholder announces significant sale of shares as part of strategic portfolio diversification
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Generated IllustrationKey Takeaways
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- Sandoz Family Foundation is selling 26.5 million Novartis shares
- The sale represents 1.2% of outstanding Novartis shares
- Sandoz Family Foundation currently holds 4.1% stake in Novartis
- The sale is part of a portfolio diversification strategy
By The Numbers
CHF2.6 billion
Total value of share sale
CHF98.25
Offered price per share
CHF100.72
Novartis closing share price
They Said
"The move is part of a diversification strategy"
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Major Share Sale Announcement
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Transaction Details
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Historical Context
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