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Novartis Board Member Sold 1.41 Million Shares, Bilanz Says

Novartis AG (NOVN) board member Pierre Landolt sold 1.41 million shares in the Basel, Switzerland-based drugmaker, Bilanz reported today, disputing a report that it was the chairman and citing a person familiar with the transaction.

A report in Blick on Dec. 21 said Novartis Chairman Daniel Vasella sold shares worth 73.2 million francs ($77 million).

Eric Althoff, a spokesman for Novartis, didn’t immediately return a call and e-mail today seeking comment.

To contact the reporter on this story: Allison Connolly in Frankfurt at aconnolly4@bloomberg.net.

To contact the editor responsible for this story: Phil Serafino at pserafino@bloomberg.net.

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