Friday August 7, 2020

Capital Group dumps entire €12 million stake in Hostelworld

One of the world’s biggest mutual funds, the Capital Group, has dumped its entire 9.95 per cent stake in Irish travel website Hostelworld for £10.6 million

Barry J Whyte

Chief Feature Writer

@whytebarry
20th October, 2019

One of the world’s biggest mutual funds, the Capital Group, has dumped its entire 9.95 per cent stake in Irish travel website Hostelworld for £10.6 million (€12.3 million), stock exchange filings show.

A year ago, the firm’s stake was 11.7 per cent and worth nearly £33 million – based on the price at the time of nearly £3 - but the company’s share price has fallen steadily since then to the current price of...

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