Frasers Group lifts stakes in AO World, Currys
Currys
93.60p
17:15 03/01/25
-0.53%
-0.50p
Mike Ashley's Frasers Group has increased its stake in electrical retailer AO World for a third time to more than 22% and also lifted its stake in rival Currys, according to stock exchange filings on Monday,
AO World
102.60p
16:40 03/01/25
-0.77%
-0.80p
Frasers Group
597.00p
17:15 03/01/25
-1.32%
-8.00p
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16:59 03/01/25
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16:54 03/01/25
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General Retailers
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16:54 03/01/25
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The company, which owns Sports Direct and House of Fraser, among other chains, earlier this month spent
£75m on just under 19% of AO. The shares had been held by scandal-hit hedge fund Odey Asset Management.
A few days later, Frasers Group increased its holdings to just over 21%. The latest move consolidates its position as AO's largest shareholder, ahead of Camelot Capital Partners which holds 20.4%.
The stake in Curry’s was lifted to 9.83% from a previous 8.9%.
Reporting by Frank Prenesti for Sharecast.com