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Genuit Group ( (GB:GEN) ) has provided an update.
Genuit Group has announced a change in its major shareholding as FIL Limited’s voting rights in the company have decreased. FIL Limited, which operates through various controlled entities, has crossed a 12% aggregated threshold downwards, impacting its stake in Genuit Group. This change in ownership structure could influence the company’s strategic decisions and market perception.
More about Genuit Group
Genuit Group plc is a UK-based company operating in the construction and building materials industry, focusing on providing sustainable water, climate management, and ventilation solutions. The group’s products are critical for infrastructure projects and residential buildings, with a strong emphasis on innovation and efficiency.
YTD Price Performance: -2.18%
Average Trading Volume: 807,224
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £948.5M
For detailed information about GEN stock, go to TipRanks’ Stock Analysis page.