A LARGE parcel of shares purchased on September 9 has pushed UK billionaire Joe Lewis’s steadily growing stake in the Australian Agricultural Co beyond 50 percent.
Mr Lewis’s Tavistock Investments, operating through its AA Trust, now holds 50.071 percent of Aa Co’s stock, and an equivalent proportion of its voting power.
He previously held 48.061pc of AA Co’s stock, but the acquisition of a further 6.09 million shares between September 9-12 took his stake beyond 50pc for the first time. He now holds almost 302 million AA Co shares, having crept up gradually since 2019.
Since the…
