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Wells takes greater stake in Metroglass

He is taking a long view of troubled glass maker, Vulcan Steel founder says.

Maria Slade Mon, 14 Feb 2022

Vulcan Steel's Peter Wells has lifted his stake in Australasian glass maker Metro Performance Glass to just over 9%.

His investment vehicle Takutai Ltd has bought a parcel still held by private equity firm Anchorage Capital, Wells said.

It lifted Takutai’s stake from 4.01% to 9.16%,

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