BAGSVAERD/HAMBURG (dpa-AFX) - According to sources, the investment holding company of Danish pharmaceutical group Novo Nordisk has placed shares in Evotec at €5.10 per share. This was reported by the Bloomberg news agency on Tuesday, citing documents it had seen.

A total of 9.4 million shares are to be sold. That is around 5 percent of the share capital. Evotec shares fell by a good nine percent to €4.985 in early trading.

According to Bloomberg data, Novo Holdings was recently the second-largest shareholder in the Hamburg-based SDax company with 14.9 million shares, or 8.4 percent of the total. Novo had acquired a large stake in Evotec through a capital increase in 2017, among other things.

Meanwhile, Evotec subsidiary Just-Evotec Biologics (JEB) completed the sale of its Toulouse site to generics specialist Sandoz on Monday. The deal will bring the company USD 350 million (around EUR 300 million)./men/err/stk