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Billionaire increases his shareholding in Arsenal

Alisher Usmanov has increased his stake in Arsenal Holdings PLC beyond 29%.

The Uzbek billionaire has pledged not to sell his shareh­olding, despite majority shareholder Stan Kroenke triggering a mandatory buyout when he took his holding to 66.1% in April.

Usmanov's Red and White Holding company said in a statement: "Red & White today announces that it now holds a stake of over 29% in Arsenal Holdings plc." The Uzbek bought into Arsenal in August 2007 when he paid
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