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 Gylle...
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