Investment funds buy €260m worth of Kingspan shares | Business Post

Gene Murtagh, chief executive, Kingspan: Fidelity Investments and Capital Group now hold 13.04 per cent of the shares in the company, worth more than €2.1 billion at its current market cap of over €17 billion. Picture: Maura Hickey

Two of the world’s biggest investment funds spent more than €260 million combined to build their stakes in Kingspan, the Cavan insulation company. Fidelity Investments, which has more than $4 trillion in assets under management, bought €87 million worth of shares last week to push its stake to 4 per cent.

Capital Group, the Los Angeles-based fund with $2.6 trillion in assets under management, bought €175 million worth of shares to bring its stake to 9.04...

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Harvey’s Point set to invest €1.2m in renovations this year | Business PostTMR Hotel Collection has already added 28 rooms and renovated the ballroom of the ‘special’ four-star Donegal hotel
La source: businessposthq - 🏆 8. / 71 Lire la suite »

Legal row that delayed the use of social housing units for 18 months is settled | Business PostApartments bought by large investment fund RediResi had been left empty due to a dispute with South Dublin County Council
La source: businessposthq - 🏆 8. / 71 Lire la suite »

Mental health start-up Fettle aims to raise €7m in funding | Business PostFettle’s online service matches clients with therapists and while it now has 30 counsellors on its books it expects to have 50 by the end of this month.
La source: businessposthq - 🏆 8. / 71 Lire la suite »

€348 million in Covid-19 business supports repaid to Revenue | Business PostThe government announced the resumption and reopening of supports for businesses in December
La source: businessposthq - 🏆 8. / 71 Lire la suite »

What To Buy In January: 5 Investment Pieces We Love - The Gloss MagazineThese new in pieces feel super fresh. Shop the best of what's new this week with this edit from THE GLOSS.
La source: TheGlossMag - 🏆 9. / 68 Lire la suite »