1. Latest News
  2. Submit Press Release
  1. PR Home
  2. Latest News
  3. Feeds
  4. Alerts
  5. Submit Free Press Release
  6. Journalist Account
  7. PRNewswire Distribution
Marketing Services Financial Intelligence Logo

Freud builds stake in Huntsworth ahead of Engine share sale


 
PRLog - Aug. 1, 2014 - LONDON -- Public relations specialist Matthew Freud this week increased his shareholding in the international public relations group Huntsworth to 3%, just as he is on the verge of collecting a sizeable payout from the sale of his shares in The Engine Group, according to a report in "Marketing Services Financial Intelligence".

It is an interesting coincidence that the buyer of Freud’s shares in Engine is directly connected with a non-executive director of Huntsworth – Terence Graunke.

Graunke is co-founder of LakeCapital, the private equity fund that already has a 7.6% shareholding in Huntsworth and will control Engine after the current takeover offer is concluded.  Graunke will become executive chairman of the enlarged Engine group after the deal.

Freud’s stake in Huntsworth, via a nominee company Rock Nominees, crossed the 3% threshold on 30 July after the shares had sunk to one of their lowest points in the last five years.

Huntsworth had experienced a torrid few weeks after issuing a profit warning two weeks ago and revealing that its finance director and chief operating officer Sally Withey would remain on sick leave until the autumn.

Contact
Bob Willott (editor)
***@fintellect.com

--- End ---

Click to Share

Contact Email:
***@fintellect.com Email Verified
Source:Fintellect Publishing Ltd
Location:London City - London, Greater - United Kingdom
Industry:Finance, Marketing
Tags:Engine Group, Matthew Freud, Huntsworth, Lake Capital
Last Updated:Aug 06, 2014
Shortcut:prlog.org/12355100
Verified Account Email Address
Verified Account Phone Number

Disclaimer:   Issuers of the press releases are solely responsible for the content of their press releases. PRLog can't be held liable for the content posted by others.   Report Abuse

Latest Press Releases By “

More...

Trending News...



  1. SiteMap
  2. Privacy Policy
  3. Terms of Service
  4. Copyright Notice
  5. About
  6. Advertise
Like PRLog?
9K2K1K
Click to Share