GERMANY - Equita exits woodwork specialist
Equita has sold a 19.7% stake in German sawmill and wood working enterprise Klenk Holz AG via the Klenk family to WestLB AG. The remaining 10% stake was sold to the Klenk Holz AG itself as treasury stock. Equita was invested in Klenk Holz AG through its investment fund Equita Beteiligungen Fonds 2 KG. The Klenk family shareholders maintain their 70.3% holding.
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