Swedish activist investor raises Carclo stake

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A Swedish company associated with activist investor Peter Gyllenhammar has taken a 10% stake in fully listed healthcare plastics and LED automotive lighting business Carclo (LON:CAR).

Duroc AB (www.duroc.com) has taken a 10% stake in Carclo, which has been hit by profit warnings, forecast downgrades and management changes. Duroc started building up the stake earlier this month. Institutional investors have been reducing their stakes in the past year.

According to the website of Peter Gyllenhammar AB, which was previously known as Bronsstadet, it owns 79% of Duroc, which is an acquisition...

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Andrew Hore is the publisher of AIM Journal, which is an online monthly publication covering the Alternative Investment Market.