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By
Reuters
Published
Jul 4, 2017
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H&M chairman Persson ups ownership stake

By
Reuters
Published
Jul 4, 2017

H&M Chairman Stefan Persson has bought 2.1 million shares in the company, taking his ownership to 40 percent in the clothes retailer, documents filed with the financial watchdog showed on Tuesday.


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Persson bought 1.6 million B-shares in the company at the price of 209 Swedish crowns ($24.50) per share on 29 June, the day of quarterly report, and 520,000 B shares on July 3 for 214 crowns per share.

Stefan Persson, along with his family, now owns 468 million B-shares and 194 million A-shares in the company, representing 40 percent of the share capital and 70.9 percent of the vote.


 

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