UPDATE 1-BlackRock to nearly halve stake in under-pressure e-commerce firm THG - NewsBreak
By Austine in Business
Updated 3 years ago
Nov 2 (Reuters) - BlackRock Inc, the biggest institutional investor in THG, is offloading nearly half its stake in the British e-commerce group at a 10% discount to current market prices. Deal bookrunner Goldman Sachs said on Tuesday BlackRock's sale of 58 million THG shares was priced at 195 pence...