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FIL Limited Increases Stake in ConvaTec Group PLC

Story Highlights

The latest update is out from ConvaTec ( (GB:CTEC) ).

ConvaTec Group PLC, a UK-based company, has announced a change in its major holdings. FIL Limited, registered in Bermuda, has increased its voting rights in ConvaTec to 6.2098% from a previous 5.1%, crossing the 5% threshold. This acquisition of voting rights by FIL Limited, through its controlled undertaking FIL Investments International, indicates a significant stake in ConvaTec, potentially impacting the company’s governance and strategic decisions.

More about ConvaTec

YTD Price Performance: 16.64%

Average Trading Volume: 5,567,754

Technical Sentiment Signal: Strong Sell

Current Market Cap: £5.32B

For an in-depth examination of CTEC stock, go to TipRanks’ Stock Analysis page.

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