Australia: U.K. firm raises stake in Costa Group
Documents released to the Australian Stock Exchange (ASX) today show that on Friday - Costa's first day of trading in the open market - Mondrian raised its stake from 8.72% to 10.38%.
While the percentage may be small it still represents more than five million extra shares in the integrated produce marketer.
The announcement did not state what price Mondrian paid, but at the closing price of AUD$2.16 per share the extra securities would have been worth around AUD$11.17 million.
Another European firm also showed its interest in Costa last week, with Amsterdam-based P&P Cos Holdings B.V. purchasing a 12.21% stake.
At the time of writing, CGC had a market capitalization of AUD$691.2 million.