logo
  

Frasers Group Acquires Stake In Australian-based MySale Plc

Frasers Group Plc (FRAS.L ZVX.F) has acquired a 28.7% holding in MySale plc, a fashion marketplace which connects global buyers and sellers to Australian and New Zealand ecommerce sites. Frasers Group believes the acquisition creates an opportunity for a strategic partnership whereby end of line Group products can be cleared via an established clearance channel.

Separately, Frasers Group said it has purchased 104,532 of its ordinary shares from Numis Securities Limited at an average price of 667.7658 pence per share, as part of the buyback programme announced on 20 June 2022. The purchased shares will all be held as treasury shares. The company now holds 162,131,821 ordinary shares as treasury shares.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Activity in the U.S. manufacturing sector slowed by more than expected in the month of September but still saw continued growth, according to a report released by the Institute for Supply Management on Monday. Stocks have moved sharply higher in morning trading on Monday, regaining ground following a dismal September. The major averages have all shown substantial moves to the upside. Swedish geneticist Svante Paabo has won this year's Nobel Prize in Physiology/Medicine for his discoveries concerning the genomes of extinct hominins and human evolution. Through his pioneering research, Svante Pääbo accomplished something seemingly impossible: sequencing the genome of the Neanderthal, an extinct relative of present-day humans. He also made the sensational discovery of a previous
Follow RTT