Rexel shares closed at 18.95 euros in Paris yesterday, a 0.3 percent increase. Ray Investment sold a ten percent stake in the company in early June, and will hold only 24 percent of Rexel after the current sale.
Rexel Stakeholder Sells 28.8 Million Shares
The largest stakeholder in Rexel SA (RXL), Ray Investment SARL is selling a stake worth about 546 million euros ($727 million) in the electrical-equipment distributor, reports Bloomberg News.
Aug 7, 2013