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THG Nutrition divisionsCNBC
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74% Informative
British e-commerce firm THG said Tuesday that it is looking to spin off its technology platform, Ingenuity .
The move is a blow to founder Matthew Moulding's vision to build a large publicly-listed technology name in the U.K. THG formed THG InGenuity in 2021 as a separate venture.
The firm is also planning to transfer its currently publicly-traded shares to the newly created equity shares commercial companies segment of the London Stock Exchange .
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83
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88
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39
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