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The global fashion business journal

26 Aug 201904:29

Bestseller sells 2.4% stake in Asos

The Danish fashion group, investor of the British ecommerce group through its business unit Aktieselskabet, intends to divest about two million shares through a placement brokered by Numis Securities.

27 Sep 2018 — 20:33
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Bestseller sells 2.4% stake in Asos

 

 

Bestseller divests in Asos. The Danish group, shareholder of the ecommerce platform through its unit Aktieselskabet, plans to divest about two million shares of the British company, equivalent to 2.4% stake.

 

Currently, Aktieselskabet holds a 29.4% stake in Asos, after raising its number of shares in March 2017. Now, Bestseller will sell two million shares through a placing run by Numis Securities, according to Reuters. In any case, Bestseller indicated that doesn’t expect to reduce its stake below 25% in the long term.

 

Asos ended the first ten months of the fiscal year (period ended June 30) with a 25% increase in sales. The company increased its revenues in all the regions where it operates, with the European Union being the territory in which the turnover increased the most, up to 1.98 billion pounds (2.24 billion euros).

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