29th May 2019 12:20
LONDON (Alliance News) - US investment manager Capital Group Companies Inc has halved its stake in BAE Systems PLC, the UK defence contractor said on Wednesday.
In a transaction on Friday last week, Capital Group reduced its interest in BAE to 4.9% from 9.9%.
BAE shares were down 0.9% on Wednesday at a price of 443.30 pence each. With 3.20 billion shares in issue, Capital Group's new stake is worth some GBP695 million.
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BAE Systems