A Japanese technology investment giant has sold all its shares in Manchester-headquartered software and retail group THG to co-founder Matthew Moulding and Qatar's sovereign wealth fund.
The deal sees SoftBank make a £450m loss after it bought an 8% holding in THG in May 2021.
In a statement issued to the London Stock Exchange, THG said it will receive £31million in proceeds after agreeing to sell 67.8 million shares to Qatar Investment Authority.
