Prudential Doubles Stake In Publisher Reach To 10% After Transaction

(Alliance News) - Reach PLC said Tuesday FTSE 100-listed insurance firm Prudential PLC had doubled its stake in the publishing firm to 10% in a transaction on Monday.

Prudential held 30.3 million shares in Reach following the transaction, equivalent to a 10% stake in the 299.3 million Reach shares outstanding. Prior to the deal, Prudential held a 5.0% stake in the firm.

Shares in Reach closed flat 75.00 pence in London on Tuesday.