UK's ME Group slides as French PE firm sells stake

ME International

28/02/2025 08:34

** ME Group's shares MEGPM.L slide 9% to 200p, set for worst day since March 2022

** Instant-service equipment group's stock among top losers on FTSE mid-cap index .FTMC

** French PE firm Montefiore sells 26.5 mln MEGPM shares at 200p each for a total of 53 mln pounds ($66.7 mln)

** Stock jumped 64% in 2024

 ($1 = 0.7943 pounds)

 (Reporting by DhanushVignesh Babu in Bengaluru)

 ((DhanushVignesh.Babu@thomsonreuters.com;))