Dublin-listed investment company TVC Holdings has increased its stake in UTV Media by buying another 4% of the broadcaster for £19.5m (€24.8m). The latest purchase brings its total stake in the company to 15%, making it the single largest shareholder. TVC acquired 11% of UTV for €19m in the past week. The latest UTV investment now represents 20% of TVC's net assets. The company said the investment reflected its strategy of buying significant stakes in public and private companies across a range of sectors, mainly in the UK and Ireland.
Using the buttons below you can save this article to your favourite social bookmarking site