Morgan Stanley has assisted Societe Generale in accumulating a stake in esure , ahead of the company being sold to BP ( France ) Bidco . Societe General , which reported its position above the 5 % holding threshold in the company last week , announced its stake has now increased to 7.88 % from 5.81 % , while Morgan Stanley reported increasing its holding from less than 3 % to 5.79 % .
Morgan Stanley has joined Societe Generale in accumulating a stake in esure, ahead of the company being sold to Blue (BC) Bidco. Societe Generale, which reported its position crossed the 5% holding threshold in the company last week, announced its stake has now increased to 7.88% from 5.81%, while Morgan Stanley reported increasing its holding from less than 3% to 5.79%.