The Spotless Group's biggest minority investor, New York-based hedge fund Coltrane Asset Management, is creeping up the services group's share register and has lifted its holdings to almost 12 per cent.
Downer EDI bought 87.8 per cent of Spotless in a $1.2 billion takeover in August 2017, with only Coltrane and several hundred retail shareholders refusing to accept its offer of $1.15 per share.
Loading...
Jenny Wiggins writes on business, specialising in infrastructure, telecommunications and transport. Connect with Jenny on Twitter. Email Jenny at jwiggins@afr.com
