12th Apr 2019 17:36
LONDON (Alliance News) - Schroders PLC said Friday fund manager Lindsell Train Ltd doubled its stake in the FTSE 100-listed asset management firm to 10% in a transaction on Wednesday.
Lindsell Train held 22.6 million voting rights in Schroders after the transaction, equivalent to a 10% stake in the firm. Prior to the deal, Lindsell Train held a 5.0% stake in Schroders.
Shares in Schroders closed 2.3% higher at 3,068.00 pence on Friday.
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