ConvaTec Share Price Falls as Novo Holdings Dumps 7.8% Stake While LTIMindtree Wins SAP Deal – 18 November 2025
London, 18 November 2025 — ConvaTec Group Plc (LON: CTEC) finished Tuesday lower after long‑time shareholder Novo Holdings A/S priced a £351 million secondary share offering that removes its entire stake in the FTSE 100 healthcare group. At the same time, IT services firm LTIMindtree disclosed a new SAP S/4HANA transformation contract with ConvaTec, underscoring the medtech company’s ongoing operational modernisation despite near‑term share price pressure. Reuters Novo Holdings exits ConvaTec with £351m block sale Novo Holdings — the investment arm of the Novo Nordisk Foundation and former largest shareholder in ConvaTec — has sold its entire holding in the company via an accelerated bookbuild to institutional investors. LSE Key