German billionaire readies sale of patch maker LTS - sources

FRANKFURT, April 6 (Reuters) - German billionaire Dietmar

Hopp is preparing to put medical skin patch maker LTS Lohmann on

the block as he reshuffles his portfolio, three people close to

the matter said.

Hopp's investment firm Dievini has started reaching out to

potential buyers to gauge their interest in an acquisition, they

said.

Hopp, the co-founder of software group SAP, shared

ownership of LTS with Switzerland's Novartis and

German investment firm BWK.

But he bought out the fellow investors in a deal valuing the

company at 1.2 billion euros ($1.3 billion) in 2014, after

failing to find a third-party buyer for the business.

Officials at Dievini were not immediately available for

comment.

($1 = 0.9384 euros)

(Reporting by Arno Schuetze, Ludwig Burger and Carl O'Donnell;

Editing by Maria Sheahan)