Frasers Group acquires 18.9% atake in AO World Plc, forming strategic partnership
LONDON, UK: Frasers Group plc, a leading retail group, has announced its acquisition of an 18.9% strategic stake in AO World Plc (AO), a prominent online electricals retailer. The acquisition, which took place on June 9, 2023, involved Frasers purchasing 109,400,000 issued shares of AO at a price of 68p per share, resulting in a…