20th Aug 2019 18:37
(Alliance News) - Inmarsat PLC said Tuesday US investment bank Morgan Stanley has reduced its holding in the FTSE 250-listed satellite telecommunications firm, after recently upping its interest.
In a deal on Friday, Morgan Stanley reduced its interest in Inmarsat to below 3% from 5.0%. On Thursday, the investment upped its holding to 5% from below 3%.
Shares in Inmarsat closed down 0.1% in London on Tuesday at 578.20 pence.
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