South African investor Nathan Kirsh has built a 20.4% stake in listed property developer Minerva.
A Minerva stock market announcement yesterday revealed that Kirsh, through his Kifin investment vehicle, has built a 20.4% stake in the group.
Aberdeen Asset Management is believed to have sold its entire stake in Minerva, after being approached by Kirsh.
The South African’s other business interests include a holding and directorship with Magal Security, an Israeli security group, according to a report in today’s Times.
Follwoing the news Minerva’s shares rose 0.25p, or 1.69%, to 15p in this afternoon’s trading.
