P529ORACLE 529 Mon17 Feb C4 1713:07
SWEDE TAKES MAJOR
STAKE IN CAMPARI
The outdoor equipment and clothing firm
Campari International looks set to
change hands following the sale of a
47.6% stake by the controlling family.
Businessman Mr Ake Nordin, the director
of a similar company in Sweden, has
agreed to buy the shares for £1.8m, 49p
each, from Mr Harry Lipton and family.
Mr Nordin, who has been asked to join
the Campari board,said he plans to make
a full bid but cautioned shareholders
to wait to see his formal offer.
A statement has said Mr Nordin wants to
develop the business and keep a Stock
Exchange listing for the company.
City headlines 500 Newsfile 520