Milford becomes biggest shareholder in Tourism Holdings after Sterling Grace exits

Sun, 08 May 2016

By Tina Morrison May 9 (BusinessDesk) - Milford Asset Management has become the largest single shareholder in Tourism Holdings after investor Sterling Grace exited its holding in the rental campervan operator. Auckland-based Milford raised its stake to 17.8 percent from 13.8 percent, after paying $2.55 a share for the stock on Thursday, according to a substantial shareholder notice to the NZX on Friday. Brokerage Forsyth Barr handled the trade of Sterling Grace's shareholding, which had stood at 17 percent according to its last disclosure...

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