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Home > Finance > Britain's Frasers Group boosts stake in electrical retailer AO World

Finance

Britain's Frasers Group boosts stake in electrical retailer AO World

Published by Global Banking and Finance Review

Posted on March 25, 2025

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(Reuters) -British sportswear and fashion group Frasers raised its stake in online electrical retailer AO World to 25%, a regulatory filing showed on Tuesday.

Frasers Group, which is majority owned by billionaire Mike Ashley, previously held a 24% stake in the company.

Frasers has been ramping up its investments in global retailers. It picked up another 25% stake in fashion retailer ASOS and is working on a mandatory bid for Norwegian sporting goods retailer XXL ASA.

Under UK acquisition rules, an investor with a stake of 30% or more has to make a mandatory offer to the shareholders of the company.

(Reporting by Yamini Kalia in Bengaluru; Editing by Anil D'Silva)

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