African budget airline Fastjet Plc said its largest shareholder, Lonrho Ltd, had sold its full stake in the carrier for about 1.49 million pounds ($2.38 million).Lonrho sold about 52.4 million shares in the airline for 2.85 pence per share, a 17 discount to the closing price of Fastjet's stock on Wednesday.Fastjet's London-listed stock was down 12 percent at 3.00 pence on Thursday afternoon.Lonrho, an agriculture-focused conglomerate whose roots go back more than a 100 years to colonial Africa, owned 11.27 percent of Fastjet as of Oct. 31 according to Thomson Reuters data.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI remained unchanged at $38.36. In the past year, the shares have traded as low as $26.71 and as high as $38.39. On average, 875740 shares of TRI exchange hands on a given day and today's volume is recorded at 0.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.3% or $0.12/share to $40.06. In the past year, the shares have traded as low as $26.65 and as high as $40.17. On average, 915341 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 829960.
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