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Home > Finance > UK's Frasers increases stake in ASOS to 25.13%

Finance

UK's Frasers increases stake in ASOS to 25.13%

Published by Global Banking and Finance Review

Posted on March 21, 2025

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(Reuters) - British sportswear and fashion group Frasers Group has increased its stake in online fashion retailer ASOS to 25.13% from 24.21%, a stock exchange filing showed on Friday.

With the latest stake purchase, Mike Ashley's Frasers Group has now consolidated its position as the second-largest shareholder in ASOS, behind Denmark-based fashion firm Bestseller A/S, according to LSEG data.

Bestseller, owned by Danish billionaire Anders Holch Povlsen, had raised its stake in ASOS on Thursday to 28% from 27.1% through a subsidiary called Aktieselskabet.

Under UK acquisition rules, when an investor acquires a 30% or more stake in a company, it initiates a compulsory requirement to extend an offer to the rest of the shareholders.

(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Krishna Chandra Eluri)

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