Nelson Peltz’s Trian Fund trims stake in Unilever

By Jerry  Published On August 15, 2024
 Nelson Peltz’s Trian Fund Management has sold about 3.8 million shares in British consumer goods giant Unilever (ULVR.L), opens new tab for nearly 181 million pounds ($232 million), a filing showed on Wednesday.
The fund, the No. 5 shareholder, had previously held a 1.47% stake, or 36.6 million shares, in the owner of Dove soap and Hellmann’s mayonnaise worth about $1.8 billion, according to LSEG data.
It now holds about 32.6 million shares after the stake sale, a Trian spokesperson said in an emailed statement.
Source: REUTER

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