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Causeway Capital Boosts Melrose Stake to 5.12%

Causeway Capital increased its stake in Melrose Industries to 5.12%. The investment firm now holds over 63 million voting rights.

Evelyn Lee
ByEvelyn Lee- Senior Editor
|
0
Causeway Capital Boosts Melrose Stake to 5.12%
Photo: Prepared by Bond.az

On May 28, Causeway Capital Management LLC crossed the 5% ownership threshold in Melrose Industries PLC (LSE:MRO).

The LA-based firm now holds 63,809,267 voting rights, representing 5.12% of the British engineering company's shares.

The stake consists entirely of direct voting rights, with no holdings through financial instruments.

Melrose was notified of the threshold crossing on May 29.

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Causeway Capital Boosts Melrose Stake to 5.12% | Bond.az