The first instinct of management and shareholders when stake-building in a company is revealed is to suspect that the stakebuilder is intent on a full-blown takeover. Hence the excitement last week when it was revealed that Cevian, the Swedish venture capital company, was building a stake in CRH.
Cevian has a track record of activist investing in listed company shares which are underperforming or undervalued. On a price/earnings multiple of just 12 times and given...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team