Hargreaves Lansdown co-founder to sell shares worth about $417 million By Reuters

(Reuters) – Peter Hargreaves , the largest shareholder an co-founder of Hargreaves Lansdown (LON:HRGV), plans to sell shares worth about 300 million pounds ($417.18 million) in the British fund supermarket, a joint bookrunner said on Tuesday.

Barclays (LON:BARC) Bank said the sale would take place via an accelerated bookbuild offering to institutional investors, and the size and price of the offering would be determined after books have closed.

($1 = 0.7191 pounds)