Chemist Warehouse co-founder Sam Gance sells $250m Sigma stake

Résumé détaillé

He and his brother Jack said in July that they planned to sell up to 20 per cent of their holding in the pharmacy giant.

Chemist Warehouse co-founder Sam Gance has sold a $250 million stake in Sigma Healthcare in what is expected to be the first of a series of block trades as shares owned by its billionaire co-founders come out of escrow.

Gance sold 86.8 million shares at $2.88 per share on Friday, according to a substantial shareholder notice lodged with the Australian Securities Exchange on late Tuesday.

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