Reuters: Technology News: SAP co-founder sells shares worth 120 million euros

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SAP co-founder sells shares worth 120 million euros Nov 30th 2012, 15:27 FRANKFURT | Fri Nov 30, 2012 10:27am EST FRANKFURT (Reuters) - SAP said on Friday its co-founder Hasso Plattner has sold shares in the German business software company worth 120 million euros ($155.74 million). SAP said the shares were sold to a bank, acting as commission agent for the monthly sale of SAP shares with a fair value of 10 million euros per month. "The sale will be carried out at the bank's own discretion in the stock market or over the counter, for the first time in November 2012 and then again in the months January through November 2013," SAP said in a regulatory statement.

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