TA Associates sells stake in Jupiter Fund Management – Reuters

Reuters – Private equity firm TA Associates has sold its 10.6 percent stake in Jupiter Fund Management for 197.2 million pounds ($328.79 million), a stockmarket filing showed on Wednesday.

TA Associates sold 48.6 millon shares in the British fund manager at a price of 406 pence per share.

Jupiter shares closed on Tuesday at 428.7 pence.

The sale was run by JP Morgan.

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