25th Oct 2019 14:29
(Alliance News) - Wm Morrison Supermarkets PLC said Friday Silchester International Investors LLP doubled its stake in the supermarket chain to 10% after a transaction on Thursday.
Investment management firm Silchester held 241.0 million shares in Morrisons after the transaction, equivalent to 10% stake in the 2.40 billion shares outstanding in the FTSE 100-listed firm. Prior to the transaction, Silchester held a 5.0% stake in Morrisons.
Shares in Morrisons were 2.0% lower at 200.70 pence in London on Friday.
By Ahren Lester; [email protected]
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