Posts tagged: Hexagon

Betaville Intelligence

RARE ALERT: Hennes & Mauritz said to ... part 2

Tuesday, 12 June 2018, 7:02 pm

It emerged today the billionaire chairman of Hennes & Mauritz has been selling a chunk of his stake in Hexagon, the Swedish measurement technology business.

Local media claim Steffan Persson (via his Ramsbury vehicle) has slotted around 4.2 million Hexagon shares in May, raising around 2 billion Swedish Kronas.

Meanwhile, shares in Hennes & Maurtiz - the beleguered fashion retailer founded by Persson's grandfather - jumped almost 5pc during the session...