Financiere Star Sells a Quarter of Its Stake in Chr. Hansen

Financiere Star, a fund controlled by the PE firm PAI Partners, has sold about 35.42 million shares in Chr. Hansen Holding, a Danish food ingredients maker that went public last year.

REUTERS:

The biggest shareholder in Danish food ingredients maker Chr. Hansen has sold a 25.7 percent stake to Novo A/S, cutting its holdings to 0.09 percent in line with a January announcement, Chr. Hansen said on Thursday.

Financiere Star 1 S.A., a fund controlled by private equity investment firm PAI Partners, sold about 35.42 million shares in Chr. Hansen Holding A/S to Novo A/S, Chr. Hansen said.

The companies had announced the deal on Jan. 11. .

Novo A/S is a foundation-owned company and the main shareholder in Danish drugmaker Novo Nordisk A/S and industrial enzymes maker Novozymes A/S.

Novo A/S said in January it aimed to be a long-term minority shareholder in Chr. Hansen and had no intention to take control of the company.

(Reporting by John Acher, editing by Kristian Balsgaard Mortensen)