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Factle Hedge fund Ponvus Asset Management has established a stake of Ozemphic-Creator Nordisk as a new chief executive who follows a partial approval.
London-based funds based in London, which previously targeted Airline Ryanair and gambling group of group wasting, wanting to influence Novo Nordisk teaching details.
Novo Nordisk parts fall 50 percent last year. A combination of disappointing test results for new drug medicine And lower than expected sales numbers investors can conclude that it has lost its opponent’s land Eli Lilly in weight-weight.
In the last month, it was announced that executive executives Fruergagaard Jørbensen would be passing through earlier than plannedEven if he stayed in the post until a successor found. Although this is no longer the largest listed company in Europe, Novo Nordisk still has a market capital $ 334bn.
Parvus did not reveal the size of the novo Nordisk stake and, under the Danish securities rules, no needed if there were 5 percent of the company. The activist has total features of £ 5.2bn, according to Bloomberg data.
Novo Nordisk, Parvus and the Novo Nordisk Foundation, Drugmaker’s largest shareholder, refused to comment.
Novo Nordisk Foundation holds the majority of the company’s voting rights, which lightened it for an activist to influence its plans. The foundation seat, Lars Rebien Sørensen, who used to run the Drugmaker, joined the board as an observer, as part of the process of finding successors.
Novo Nordisk cut sales and profit estimates last month, blamed The easy expansion of drug over US medications. These alternatives are cheaper temporarily allowed if there are shortcomings but cut into market share in branded versions.
Activist investors have previously applied to the pressure of companies wherever their places are small: eg Multiet investors at Wall Street Company with Ginnent Company Company.
Parvus constructed in 2004 by former Merrill Lynch Fund Manager Depadante. It makes a name for himself by successful opposing UK bookmaker William Hill suggested a merger With Rigid Grouping Group Amaya and UK Security Group G4S £ 5.2bn Tookoco Toococo TROUND FOR DANISH APRITURE
With flutter and ryanair, it also established unicredit positions in bank Italy, accor to French Hotel Accor and ispening, another Danish Drotmaker.
