Softbank Group has elected not to exercise its option of a 19.2 per cent stake in THG Ingenuity for a US$1.6bn investment which was covered by an option & collaboration agreement between the two parties which was entered into in May 2021. In a statement to the London Stock Exchange, THG confirmed that the agreement had been terminated by mutual consent and also used the update to confirm that it had completed the internal separation of its key trading divisions.
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