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JPMorgan Increases Stake in Renewi plc

Story Highlights
  • Renewi plc received a notification from JPMorgan Chase & Co. about a change in major holdings.
  • JPMorgan’s voting rights in Renewi increased to 5.941982%, indicating a strategic investment adjustment.
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JPMorgan Increases Stake in Renewi plc

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Renewi plc ( (GB:RWI) ) has provided an announcement.

Renewi plc, a UK-based company, has been notified of a change in major holdings by JPMorgan Chase & Co. The notification indicates a significant increase in voting rights held by JPMorgan, from 4.935597% to 5.941982%, through a combination of direct shares and cash-settled equity swaps. This change in holdings reflects an adjustment in JPMorgan’s investment strategy within the company, potentially impacting Renewi’s shareholder dynamics.

More about Renewi plc

YTD Price Performance: 5.19%

Average Trading Volume: 599,553

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £682.6M

For a thorough assessment of RWI stock, go to TipRanks’ Stock Analysis page.

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