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TVC Holdings increases UTV stake to 15% | Print |  Email
Wednesday, 23 July 2008

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. 

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