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M&G Acquires 8.6% Stake In Sofa, Carpets Seller ScS

Fri, 8th Nov 2019 18:18

(Alliance News) - ScS Group PLC said Friday asset manager M&G PLC built an 8.6% stake in the sofa retailer in a transaction on Friday.

M&G held 3.3 million shares in ScS after the transaction, equivalent to a 8.6% stake in the 38.0 million shares outstanding in the firm.

Shares in ScS closed 1.4% lower at 216.00 pence in London on Friday.

By Ahren Lester; ahrenlester@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

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