LONDON (Thomson IM) - Atticus Capital, the U.S. based hedge fund, has denied
market rumours that it sold part of its Deutsche Boerse AG stake and revealed it
has instead recently built its holding above 11 percent.
In a statement issued Friday, Timothy Barakett, chairman and CEO of Atticus
Capital said: "We have not sold Deutsche Boerse shares, and in fact have added
to our position over the past month.
"We continue to support and commend the management team at Deutsche Boerse
in their efforts to create shareholder value."
According to data from Reuters FactSet, UK hedge fund TCI is also a major
stakeholder and had a more than 10 percent stake in Deutsche Boerse as of
end-December.
At 3:52 p.m. in Frankfurt, Deutsche Boerse shares were down 3.81 euros or
3.73 percent at 98.36 euros. The shares had earlier fallen as far as 96.80
euros.
Atticus has in excess of $17 billion of assets under management and is
headquartered in New York with an office in London.
It invests in global securities markets on behalf of its clients.
By Ingrid Smith: +44 (0) 20 7422 4955; ingrid.smith@thomsonreuters.com.
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