

Its shares were down 5.9% in early trade on Thursday. With the placement of the 25 million shares, Permira cuts its stake in TeamViewer TMV.DE to 39% from 51.5%.

MUNICH (Reuters) - Private equity investor Permira lowered its stake in German software company TeamViewer by selling shares to institutional investors at 41 euros apiece, it said late on Wednesday, giving it proceeds of 1.03 billion euros ($1.1 billion). FILE PHOTO: Oliver Steil, Chief Executive Officer of software company TeamViewer AG, Joerg Rockenhaeuser of Permira and Stefan Gaiser, Chief Financial Officer of TeamViewer attend TeamViewer's initial public offering (IPO) at the Frankfurt Stock Exchange in Frankfurt, Germany, September 25, 2019.
