German Sartorius, which was previously a major shareholder in biotech company Bico, has now sold its entire shareholding and thereby left the shareholder register. This is according to the latest monthly update from the ownership service Holdings.
Sartorius has sold its final 917,473 shares and, as of November 9, holds no shares in Bico. On May 31, the German company held 4.79 percent of the shares in Bico. Sartorius became a major shareholder through a directed share issue in December 2022 and at the time held just over 10.1 percent of the capital in Bico.
Bico’s share price is falling by just over 26 percent today after the company released its interim report for the third quarter of the year this morning. The share price has fallen by 94 percent over the past five years.
