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Green-fingered Sir Tom ups garden stake again
BILLIONAIRE entrepreneur Sir Tom Hunter has again increased his stake in Dobbies Garden Centres.
Sir Tom has spent 500,000 on new shares, taking his total holding to 3.02 million shares, or 29.16 per cent of the Lasswade-based garden centres chain.
The Ayrshire entrepreneur's West Coast Capital vehicle withdrew from an acrimonious battle to takeover Dobbies earlier this year, after Tesco made a 155.6 million cash offer to gain a 65.5 per cent share.
Since then Sir Tom, who owns rival chains Wyevale Garden Centres and Blooms, has signalled his intent by gradually increasing his stake in the group. His shareholding is now large enough to stop Tesco delisting Dobbies.
A spokesman for Sir Tom said: "Opportunity is in the eye of the beholder."
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Monday 28 May 2012
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