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Birmingham Post
Birmingham Post
Business
Jon Robinson

Activist investor buys into 'significantly undervalued' THG in deal worth almost £3m

THG Kelso Matw Moulding London Stock Exchange

A minority stake in software and online retail group THG has been snapped up by Kelso Group.

The deal, worth £2.7m, has seen the group acquire 0.4% of the shares in the Manchester-headquartered giant.

It is the first investment for Kelso, which floated on the London Stock Exchange earlier this month.

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