October 14, 2008 / 2:18 PM / 11 years ago

Guoco raises Rank Group stake to 24.1 percent

Oct 14 (Reuters) - Asia-based Guoco Group Ltd has once more lifted its stake in British casino and bingo company Rank Group Plc (RNK.L), according to a filing to the stock exchange.

Guoco now holds about 94.02 million shares, representing 24.1 percent of the total voting rights in Rank.

On Oct. 10 Guoco held a 23.2 percent stake in Rank. Guoco has been gradually raising its stake in Rank since January, when it held around 4 percent.

At 1405 GMT Rank shares were up 8 percent at 60 pence. (Reporting by Balachander Surianarayanan in Bangalore; Editing by Greg Mahlich)

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