NEW YORK (dpa-AFX) - According to circles, former owner Triton is cashing in on the arms company Renk. The financial investor wants to sell shares worth 250 million euros, the Bloomberg news agency reported on Thursday evening. Triton currently still holds 62 percent of the company, which went public at the beginning of February.

Driven by statements about wanting to increase spending on armaments, Renk shares had climbed from an issue price of 15 euros to almost 40 euros within just under two months. Subsequently, however, disillusionment set in as the willingness to spend significantly more money on armaments seemed to dwindle in the face of high government deficits. On Thursday, a Renk share still cost 26.30 euros at the close of Xetra trading.

Investors responded to the news with sales. On the Tradegate trading platform, Renk shares recently lost around three percent compared to the Xetra close./he/men