Stephen Lansdown cuts HL stake to 7% - reports
Offloads £160m stake
Stephen Lansdown
Hargreaves Lansdown co-founder Stephen Lansdown has further cut his stake in the investment services company to just 7% after a Guernsey-based company in his name dumped £160m of shares in an accelerated offering through Barclays, according to reports.
Speaking to Bloomberg, Lansdown who has sold more than £438m of HL stock over the past five years, explained the sale was made to support other existing investments and to allow for new ones. Peter...
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