Woodford sells remaining Malin stake

Troubled asset manager thought to have sold 1.6m shares earlier this week

Life sciences company Malin is focused on four priority assets. Photograph: iStock

Life sciences company Malin is focused on four priority assets. Photograph: iStock

Troubled UK asset manager Woodford Investment Management sold its remaining 3.5 per cent stake in Irish life sciences company Malin this week, according to market sources.

Woodford, whose main fund has been subject to a ban on client withdrawals since it ran into difficulty in June, sold most of its 28 per cent Malin holding last week. It has been seeking to get out of smaller companies and into more liquid groups on the Ftse 100 and Ftse 250 indices in London.

Please subscribe or sign in to continue reading.
only €1 first month

Insightful opinion is just a away.