BlackRock Lowers Interest In Appreciate Group By More Than 5%

Tue, 03rd Dec 2019 18:26

(Alliance News) - Retailer redemption product firm Appreciate Group PLC, formerly Park Group, said Tuesday BlackRock Inc has cut its stake by over 5%.

In a transaction on Friday last week, BlackRock cut its holding in the company to below 5%, from 10% previously.

The company changed its name at the start of November, though 22% of shareholders did oppose the move. Shares closed 0.8% lower on Tuesday at 47.10 pence each.

By George Collard; georgecollard@alliancenews.com

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