UK-based investor Independent Franchise Partners takes 3% stake in Universal Music Group worth $1.2bn+
A so-called ‘activist’ investor based in London called Independent Franchise Partners (IFP) has built a 3.01% stake in Universal Music Group, the world’s largest music company, according to a filing published by the Dutch financial markets regulator, the AFM. The filing shows that IFP held 55,155,646 ordinary shares in UMG as of last Monday (February…
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