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Tether to take part in Juventus capital increase with about $32.2m

NewsFeeds update

Tether, which holds about 11.5% of Juventus, will join the €250m capital increase proposed by majority owner Exor and contribute €28.8m (about $32.2m) in line with its stake. At the shareholders' meeting Tether abstained on other ordinary resolutions, including approval of a €66m loss and board appointments.

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