Societe Generale Builds 6.4% Stake In Telit Communications

(Alliance News) - Telit Communications PLC said Monday French bank Societe Generale SA had built ...

Alliance News 24 June, 2019 | 4:15PM
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(Alliance News) - Telit Communications PLC said Monday French bank Societe Generale SA had built a 6.4% stake in the internet of things enablement firm following a transaction last Wednesday.

Societe Generale held 8.5 million shares in Telit following the transaction, equivalent to a 6.4% stake in the 131.7 million shares in the firm. The holding of Societe Generale in Telit prior to the transaction - if any - was not disclosed.

Shares in Telit were 0.1% lower at 163.80 pence in London on Monday.

By Ahren Lester; ahrenlester@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article
Security Name Price Change (%) Morningstar Rating
Telit Communications PLC 166.00 GBX -2.35 -
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