AB Traction has increased its stake in construction dispute and property services provider Driver Group (LON:DRV) from 17.32% to 18.27%. This is something worth taking note of.
That is the first change in the stake since last November. NASDAQ OMX Nordic Stockholm Mid Cap-listed AB Traction has a record of buying stakes in professional services companies when they are depressed and then selling to a bidder.
AB Traction previously built stakes in Waterman and WYG and then sold them when a takeover was launched. AB Traction built up a 17.2% stake in property consulting company Waterman bef...
