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Birmingham Post
Birmingham Post
Business
Jon Robinson

Largest shareholder in global construction consultancy further increases stake as investment management firm exits

The largest shareholder in a Lancashire-headquartered global construction consultancy has upped its stake even further.

AB Traction, a Stockholm-based private equity firm which specialising in buyouts and restructurings, has increased its investment in Driver Group from 20.5% to 27.5%, according to new filings with the London Stock Exchange.

AB Traction was already the largest single shareholder in the Rossendale company, ahead of Gresham House.

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