BASF cuts Harbour Energy stake to 16% in block sale
BASF further reduced its stake in Harbour Energy to 16% via a discounted block share sale, the largest-ever such deal for the company, after which Harbour Energy shares fell more than 3%.
Harbour Energy's top shareholder BASF XETR:BAS has reduced its holding in the British oil and gas producer once again, in what was the largest block sale of Harbour shares to date. The stock fell more than 3%.