Dutch investor ramps up INM stake

Cornilesse now largest individual backer after O’Brien

10th July, 2016
Independent News & Media head offices on Talbot Street in Dublin

A low-profile Dutch hedge fund manager has emerged as the owner of the fourth-biggest block of shares in Independent News & Media, which has seen its stock price slump by more than 20 per cent this year.

Bram Cornelisse owns the stake via Farringdon Capital Management (FCM). Although the fund directly owns just 0.15 per cent of the newspaper publisher’s shares, a filing shows that his holding has been increased to 4.4 per cent through contracts...

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