Sweden-based AB Traction has taken a 14.2% stake in Driver Group (LON:DRV) and the last two property and consulting services companies that it built up stakes in were subsequently taken over.
NASDAQ OMX Nordic Stockholm Mid Cap-listed AB Traction acquired the stake all at once. Manchester-based Castlefield Fund Partners sold a 15.99% stake on the same day.
The share dealing happened on week after Driver reported its full year results. These showed a much stronger second half.
In the year to September 2019, revenues decreased by 7% to £58.5m, while underlying pre-tax profit fell by 22%...
