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Massachusetts Financial Doubles Croda International Stake To 10%

Wed, 11th Sep 2019 15:09

(Alliance News) - Croda International PLC said Wednesday Massachusetts Financial Services Co doubled its stake in the FTSE 100-listed chemicals firm to 10% after a transaction on Monday.

Massachusetts Financial held 13.1 million shares in Croda following the transaction, equivalent to 10% of the 128.7 million shares outstanding in the firm. Prior to the transaction, Massachusetts Financial held a 5.0% stake in Croda.

Shares in Croda were 2.9% higher at 4,930.00 pence in London on Wednesday.

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