Coats Group plc (GB:COA) has released an update.
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Coats Group PLC has announced that BlackRock, Inc. has increased its voting rights in the company, crossing the threshold on September 13, 2024, with a resulting total of 5.14% voting rights. This change comes after BlackRock’s acquisition or disposal of shares, now holding 82,244,354 voting rights in Coats Group. The financial giant’s move signals confidence in the textile firm, possibly influencing other investors’ perceptions.
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