Investor Ariadne has increased its stake in Dreamworld owner Ardent, strengthening its argument for two seats on the troubled leisure operator's board.
Ariadne, the investment vehicle of veteran investor Gary Weiss and Rich List property developer Kevin Seymour, said on Thursday it had boosted its relevant interest in Ardent to almost 9.9 per cent following an agreement with Perth-based Viburnum Funds, which owns a 1.9 per cent stake, to act in concert with each other in relation to Ardent.
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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne. Connect with Michael on Twitter. Email Michael at mbleby@afr.com
