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Capital Group Halves Interest In BAE Systems To 5% (ALLISS)

LONDON (Alliance News) - US investment manager Capital Group Companies Inc has halved its stake ...

Alliance News 29 May, 2019 | 12:20PM
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LONDON (Alliance News) - US investment manager Capital Group Companies Inc has halved its stake in BAE Systems PLC, the UK defence contractor said on Wednesday.

In a transaction on Friday last week, Capital Group reduced its interest in BAE to 4.9% from 9.9%.

BAE shares were down 0.9% on Wednesday at a price of 443.30 pence each. With 3.20 billion shares in issue, Capital Group's new stake is worth some GBP695 million.

By George Collard; georgecollard@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
BAE Systems PLC 575.00 GBX 0.67

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Alliance News

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