JP Morgan takes 7.4% stake in SafeCharge


Advanced payment technologies provider SafeCharge International Group Ltd (LON:SCH) has seen global bank JPMorgan Chase & Co. (NYSE:JPM) up its stake in the company to 7.43%.

JPMorganThe SafeCharge shares are formally held by JPM subsidiary JPMorgan Asset Management Holdings (UK) Limited. It is unclear if the shares are being held by JP Morgan on behalf of investing clients (and/or client investment funds), or if it for JP Morgan’s own account.

JP Morgan has other investments in Forex-related public companies, most notably a stake it has varied over time in Retail Forex and CFD broker Plus500 Ltd (LON:PLUS), which now also sits at about 7%.

The official announcement from SafeCharge can be seen here.

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JP Morgan takes 7.4% stake in SafeCharge

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