Damien Gance, the son of Chemist Warehouse co-founder Sam Gance, has sold a $380 million stake in Sigma Healthcare, the ASX-listed company that houses the pharmaceutical and retail giant created by his father.
Gance, who is a Sigma director, has sold $800 million worth of stock in the company since February when Chemist Warehouse made its sharemarket debut via a $34 billion backdoor listing.
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Michael Smith is the health editor for The Australian Financial Review. He is based in Sydney. Connect with Michael on Twitter. Email Michael at michael.smith@afr.com
