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PRIVACY
Retail & Consumer

Pets at Home shares snapped up by investment giant JPMorgan

The move makes the firm the third largest shareholder in the Cheshire-headquartered company

Pets at Home is headquartered in Cheshire

One of the world's largest investment giants has become a top shareholder in Pets at Home after a multi-million pound deal.

JPMorgan Asset Management, which is headquartered in the US, has increased its stake in the listed retailer to more than 5%.

The move makes the firm the third largest shareholder in the Cheshire-headquartered company.

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Schroder Investment Management remains the biggest institutional investor, with a stake of almost 10%.

Jupiter Asset Management is just behind with a holding of 9.85%.

The investment from JPMorgan Asset Management moves it above the likes of other shareholders Nordea Bank SA, BlackRock and Norges Bank Investment Management.