16th Aug 2016 11:45
LONDON (Alliance News) - Investor Peter Gyllenhammer has sold the remainder of his stake in beauty and personal care products firm Swallowfield PLC, the company revealed in a stock exchange filing on Monday.
Gyllenhammer, having around halved his stake in the business to 7.3% last week, has now sold all of the shares. The shares are held via the Union Discount Co of London Ltd, which Gyllenhammer owns 100% of. According to a Bloomberg profile, Gyllenhammar is an active investor specialising in smaller UK quoted companies.
Also on Monday, Swallowfield announced Soros Fund Management LLC, the investment vehicle of hedge fund veteran George Soros, had increased its holding in Swallowfield to 12.46%.
On Tuesday, Swallowfield shares were up 8.2% to 230.00 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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