Asos surges as largest shareholder Anders Holch Povlsen ups stake
shares surged on Thursday after largest shareholder Anders Holch Povlsen upped his stake in the online fashion retailer.
According to a regulatory filing late on Wednesday, Danish billionaire Povlsen - who is also the second largest shareholder in Zalando and owner of clothing chain Bestseller - upped his stake from 27.1% to just over 28%.
At 1005 GMT, the shares were up 13.7% at 261.40p.
In the UK, when a person or group has acquired 30% or more of a company's voting rights, this triggers an obligation to make a mandatory offer to the remaining shareholders.
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