FIH Group gains after Momart sale for $10.2 million
04/08/2026 09:51
BUZZ-FIH Group gains after Momart sale for $10.2 million ** Shares of logistics firm FIH Group FIH.L up 25.5% at 135 pence - on track for its biggest one-day gain since July 2007 if gains hold
** Co agrees to sell its art logistics and storage business Momart to Paris-based Compagnie Générale du Roumois for £7.6 million ($10.21 million)
** Says sale proceeds will be used for shareholder returns and investment in remaining operating division, Falkland Islands Company Limited
** YTD, stock is down 34%
($1 = £0.7445)
(Reporting by Neeshita Beura in Bengaluru)