Private equity firm L Catterton and a group of employees of Birkenstock Holding Plc raised $756 million on Wednesday from the sale of a block of shares of the US-traded footwear maker.
The holders sold 14 million shares for $54 each, according to a statement, representing a 9.7 percent discount to the closing price of $59.78 each on Monday when the deal was announced. Birkenstock shares closed Wednesday at $54.61 each. They rose to $54.63…