Hong Kong-based activist fund Oasis Management has built a stake in the convenience foods group Greencore, raising the prospect of a shake-up at the UK’s biggest sandwich maker.
Oasis owns just under 5 per cent of the stock, putting it among Dublin-based Greencore’s top 10 shareholders but below the disclosure threshold, according to two people familiar with the matter. The fund manager has owned the London-listed stock for several years but has begun buying up shares more aggressively since last summer.
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