Bestseller CEO buys more shares in Zalando
Anders Holch Povlsen, the CEO of Danish clothing group Bestseller, has bought shares in Zalando in a transaction totalling around €8.9 million. Povlsen is also the largest shareholder in Asos, holding 27% of its capital shares. The Danish billionaire has a net worth of $6.5 billion, and is ranked 252 on this year’s Forbes Billionaires list.
Zalando said in a regulatory filing that Anders Holch Povlsen acquired shares worth €8.9 million at a price of €34 per share on 6 March. The transaction increases Povlsen’s shareholding in Zalando by 0.03 percentage points to a total of 10.05%. The Danish retail mogul is Zalando’s largest single shareholder, and Swedish investment company Kinnevik is the firm’s majority shareholder with a 31.29% stake.
Povlsen’s decision to increase its shareholding comes amid rumours of a possible sale of Zalando. In the case of a sale, Povlsen would enjoy great gains.
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