Invesco sells 9.3% stake in AJ Bell
Invesco Asset Management has sold a 9.3% stake in investment platform AJ Bell.
AJ Bell
302.40p
16:40 28/03/24
-0.59%
-1.80p
Financial Services
14,827.91
17:14 28/03/24
-0.92%
-137.96
FTSE 250
19,884.73
17:14 28/03/24
n/a
n/a
FTSE 350
4,383.21
17:14 28/03/24
n/a
n/a
FTSE All-Share
4,338.05
16:50 28/03/24
n/a
n/a
The US-based investment management company sold 38 million shares in AJ bell at 380p each, raising £144.4m and reducing its holding to 16.1%.
Numis acted as sole bookrunner in connection with the placing.
Invesco said it plans to "remain a significant, long term shareholder" of the company.
At 0920 BST, the shares were down 1.8% at 393p.