Wells takes greater stake in Metroglass
He is taking a long view of troubled glass maker, Vulcan Steel founder says.
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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