12th Jun 2015 12:39
LONDON (Alliance News) - Sky PLC announced the company has increased its shareholding in Tour Racing Limited or Team Sky, the company which operates the Sky Pro Cycling Team, as a consequence of the transfer to Sky of a 25% shareholding from 21st Century Fox. Sky has purchased the shareholding from 21st Century Fox at the par value of the shares of 25 pounds.
Following the transaction, Sky will own 85% of Team Sky with 21st Century Fox retaining a 15% stake.
Copyright RTT News/dpa-AFX
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