Frasers Group ups stake in THG days after increasing AO World share

Frasers Group has raised its stake in MyProtein owner THG to 10.9%, up from 6.1%, according to a regulatory filing.
The Sports Direct owner now holds 151.9 million shares in THG, valued at approximately £49.1 million at the current market price.
The increase in Frasers’ shareholding comes after a series of investments and partnerships between the two companies, including Frasers’ £10m contribution to THG’s fundraising efforts to support the spin-off of THG’s I