Oasis Management has built its stake in The Restaurant Group to nearly 15% after snapping up shares from the crisis-hit hedge fund, Sky News learns.
The liquidation of public company holdings by Odey Asset Management, the crisis-hit hedge fund, has gathered pace with the sale of a multimillion pound stake in Wagamama’s parent company.
Sky News has learnt that Odey sold roughly 2% of The Restaurant Group on Thursday to Oasis Management, which has been pushing for an overhaul of the casual dining chains operator.It is the latest in a slew of stake sales by Odey as it battles to contain the fallout from a litany of sexual assault claims against founder Crispin Odey., electrical goods retailer AO and Plus500, the online trading services provider.Crispin Odey has denied the FT's claims.
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