Toscafund spends €10m to increase stake in San Leon Energy

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.

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