Sistema millionaire Brendan Lindsay lifts stake in Methven to almost 20%

Wed, 05 Sep 2018

By Rebecca Howard Sept. 5 (BusinessDesk) - Kapiti lad made good Brendan Lindsay, who sold his plastics container business Sistema for $660 million in 2016, has lifted his stake in listed tapware maker company Methven to just shy of 20 percent. On Tuesday, Lindsay's trust, the Lindsay Investment Trust, paid $5.7 million for another 6.4 percent of Methven's shares, according to a substantial shareholder notice. He now owns 19.9 percent of the company. Reuters data showed 4.7 million Methven shares were bought at $1.20 apiece, a premium...

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