Toscafund spends €10m to increase stake in San Leon Energy
Toscafund Asset Management has upped its stake in Irish exploration company San Leon Energy to more than 66 per cent.
Toscafund, run by London fund manager Martin Hughes, who is known in financial circles as the Rottweiler, acquired about 24.3 million shares in San Leon last week.
Based on San Leon’s share price on the London Stock Exchange, it would have cost Toscafund about €10 million. It had previously held 61 per cent of San Leon’s shares.
Subscribe from just 1€
Choose the subscription that is right for you
For the first month
€19.99 Monthly ThereafterSubscribe today
For the first year
€199.99 annually thereafterSubscribe today
For the first 90 days
€55.00 quarterly ThereafterSubscribe today
These offers are not available for current subscribers. Offers and pricing are subject to change without notice.
Terms & Conditions Apply