IKEA’s investment company Interogo reduces its stake in H&M Group
According to a report by Sweden’s “Industrial Today” on July 15, Interogo, an investment company under IKEA, reduced its holdings of more than 7.6 million shares of H&M Group in June this year. After this shareholding reduction, Interogo ranked 31st in the ranking of H&M Group shareholders, currently holding nearly 6.3 million shares. At the beginning of 2021, Interogo held a maximum of 21.1 million H&M shares, making it the ninth largest shareholder of the clothing company. Since then, Interogo has sold 3.2 million shares, 4 million shares, and 7.6 million shares. Interogo is headquartered in Switzerland and controlled by a foundation established by IKEA founder Ingvarkampard. The company became a shareholder of H&M Group in September 2018.
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