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Prudential Builds 5% Stake In Property Regeneration Firm U & I

21st Jun 2019 14:51

(Alliance News) - U & I Group PLC said Friday that Prudential PLC built a 5% stake in the property regeneration firm in a transaction on Wednesday.

FTSE 100 insurer Prudential held 6.5 million shares in U & I after the transaction, equivalent to a 5.2% of the 125.4 million shares outstanding. The holding of Prudential in U & I prior to the recent transaction - if any - was not disclosed.

Shares in U & I were 0.1% higher at 140.15 pence in London on Friday.


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