Lego Heir Sells $930 Million of Shares in Toymaker’s Family Firm

One of the billionaire heirs to the Lego family fortune has sold shares in the company that controls the Danish toymaker for about 6.32 billion kroner ($930 million).

Sofie Kirk Kristiansen, 47, the great-granddaughter of Lego A/S’s founder, sold 4 million shares in Kirkbi A/S for about 158,000 kroner a piece, according to a filing with the Danish company register.

The proceeds were paid out as a form of dividend and the shares were canceled by Kirkbi, meaning that the other family members increased their stakes in the family firm, Kirkbi said in an emailed statement on Thursday. ...