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JP Morgan increases stake in Inditex

The investment bank JP Morgan has raised its stake in Inditex to 3 percent. According to reports by Europa Press, the US investment bank’s stake in the Spanish retail group now represents 3.197 percent of the total capital and is valued at 3.4 billion euros (2.4 billion pounds). JP Morgan first acquired a stake in Inditex in 2012. At the time,...