Allianz Global Investors takes its stake in IG Group below 5%

Allianz Global Investors GmbH has reduced its holding in IG Group Holdings plc (LON:IGG) to just below 5% in a transaction that took place on July 6, 2015.

The investment manager sold 250,000 ordinary shares in the online trading expert, thus taking its holding in the group to 18,233,410 shares, which equals 4.98% of IG’s voting rights.

The share sale follows a deal on June 25, 2015, that saw Allianz build its stake in IG Group to 5.05% via the purchase of 244,540 shares.

Shares in IG marked a slight increase in their price today. At the moment of publication of this article one share in the broker trades at 752.5p, up 0.47% from Tuesday’s market close.


Chart source: Google Finance.

To view the original regulatory filing about the latest shares transaction, click here.

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