A good three months after Renk's IPO, the financial investor Triton is selling a block of shares in the armored gear manufacturer worth around 250 million euros.

The shares are to be placed with institutional investors overnight, as the accompanying investment banks announced on Thursday after the close of trading. Triton currently holds around 62 percent of Renk, which would reduce its stake to around 52 percent. The Renk shares were issued at 15 euros; at the end of trading on Thursday they stood at 26.42 euros. As usual, however, the major shareholder had undertaken not to place any shares on the market in the three months following the initial listing without the approval of the investment banks.

(Report by Alexander Hübner, edited by Ralf Bode. If you have any questions, please contact our editorial team at berlin.newsroom@thomsonreuters.com (for politics and the economy) or frankfurt.newsroom@thomsonreuters.com (for companies and markets).)