August 2, 2018 / 11:27 AM / 3 months ago

Activist hedge fund PrimeStone halves stake in KCom Group

(Reuters) - PrimeStone Capital, KCom Group’s second biggest shareholder, cut its stake in the British telecoms company by more than half to 3.86 percent, a filing showed on Thursday.

Activist hedge fund PrimeStone, which was founded by three former partners from The Carlyle Group, had a 8.43 percent stake in KCom.

Europe-focused activist Teleios Capital increased its stake in KCom to 10.13 percent from 6.01 percent, a separate filing showed.

Reporting by Noor Zainab Hussain in Bengaluru, editing by Maiya Keidan in London

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