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Chrysalis marks down Starling stake again and reduces Klarna holding
['Samuel Norman', 'Senior City Reporter']
City AM
Chrysalis marks down Starling stake again and reduces Klarna holdingChrysalis has written down its stake in Starling.
Chrysalis Investments has slashed the price tag of its Starling stake for the second straight quarter.
It confirmed the second consecutive mark down for Starling after Chrysalis wrote down its stake by 14 per cent earlier this year to £374.7m.
In February, City AM revealed Starling founder Anne Boden had cut her stake in the fintech during a secondary share sale.
Chrysalis confirmed it had sold off part of its Klarna stake, which makes up just short of a tenth of its portfolio, in a bid to raise cash and clear company debt.