Frasers Group lifts stakes in AO World, Currys
Currys
62.50p
16:50 02/05/24
Mike Ashley's Frasers Group has increased its stake in electrical retailer AO World for a third time to more than 22% and also lifted its stake in rival Currys, according to stock exchange filings on Monday,
AO World
107.00p
16:40 02/05/24
Frasers Group
805.00p
16:35 02/05/24
FTSE 100
8,172.15
16:59 02/05/24
FTSE 250
20,052.33
17:15 02/05/24
FTSE 350
4,492.44
16:49 02/05/24
FTSE All-Share
4,446.15
17:04 02/05/24
FTSE Small Cap
6,547.90
16:50 02/05/24
General Retailers
3,896.22
16:49 02/05/24
The company, which owns Sports Direct and House of Fraser, among other chains, earlier this month spent
£75m on just under 19% of AO. The shares had been held by scandal-hit hedge fund Odey Asset Management.
A few days later, Frasers Group increased its holdings to just over 21%. The latest move consolidates its position as AO's largest shareholder, ahead of Camelot Capital Partners which holds 20.4%.
The stake in Curry’s was lifted to 9.83% from a previous 8.9%.
Reporting by Frank Prenesti for Sharecast.com