Funds managed by Blackrock to sell 55 mln shares in THG - bookrunner

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The BlackRock logo is seen extracurricular of its offices successful New York City, U.S., October 17, 2016. REUTERS/Brendan McDermid

Nov 1 (Reuters) - Multiple funds managed by Blackrock (BLK.N) are selling astir 55 cardinal shares successful British e-commerce radical THG (THG.L), a bookrunner said connected Monday.

Blackrock is the biggest organization shareholder of THG aft the institution laminitis Matthew Moulding's 14.19% holding, according to Refinitiv Eikon.

THG was rocked by a 35% stock terms illness aft an underwhelming capitalist presumption successful October, forcing it to code firm governance concerns much broadly. work much

The institution has tried to allay capitalist concerns, but truthful acold has had small traction successful halting the autumn successful its stock price.

THG appointed an enforcement from backer SoftBank (9984.T) to its committee of directors past period and said it was looking for an autarkic seat up of a projected premium listing connected the London Stock Exchange. work much

Shares of THG person fallen astir 66% since the commencement of September.

($1 = 0.7320 pounds)

Reporting by Shanima A successful Bengaluru, Rachel Armstrong successful London; Editing by Krishna Chandra Eluri

Our Standards: The Thomson Reuters Trust Principles.

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