Woodford offloads IP Group in cut-price £76m deal

Neil Woodford has continued his overhaul of the WEIF portfolio

David Brenchley
25 September 2019

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Neil Woodford sold his entire stake in intellectual property company IP Group on Tuesday in a cut-price deal, raising £76m for the shuttered Woodford Equity Income fund (WEIF), according to reports.

Woodford has continued his overhaul of the WEIF portfolio by selling his 13.5% stake in the healthcare-focused firm in an after-market share sale to other institutional investors, the FT reported. The...

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