Invesco sells 9.3% stake in AJ Bell
Invesco Asset Management has sold a 9.3% stake in investment platform AJ Bell.
AJ Bell
455.00p
16:39 14/11/24
0.33%
1.50p
Financial Services
16,532.55
16:38 14/11/24
-0.13%
-21.99
FTSE 250
20,522.81
16:38 14/11/24
n/a
n/a
FTSE 350
4,459.02
16:38 14/11/24
n/a
n/a
FTSE All-Share
4,417.25
16:54 14/11/24
n/a
n/a
The US-based investment management company sold 38 million shares in AJ bell at 380p each, raising £144.4m and reducing its holding to 16.1%.
Numis acted as sole bookrunner in connection with the placing.
Invesco said it plans to "remain a significant, long term shareholder" of the company.
At 0920 BST, the shares were down 1.8% at 393p.