RE: 8.5m trades today already2 Nov 2021 13:26
Saw this on city am suggests it’s already done
Shares in THG have plunged to an all-time low this morning on the news that its largest institutional shareholder Blackrock sold half of its stake in the ecommerce group after a tumultuous month.
Blackrock has sold 58m shares in THG at a price of 195p each, valuing the deal at £113.1m, according to its bookrunner Goldman Sachs. This represents a 10.3 per cent discount on Monday’s closing share price.
As of mid-October, the world’s largest asset manager held a 10.1 per cent stake in THG, or nearly 124m shares, according to Refinitiv data.