France unquote" November/December 2011

PAI Partners has sold a further 15 million shares in listed Danish food ingredients company Chr Hansen, raising DKK 1.73bn (c€232.5m). The shares were priced at DKK 115 per unit, an improvement on the DKK 90 share price achieved at the time of last year’s IPO. PAI’s stake in the business was reduced to 26%.