Acquisitor increases stake in Baltimore

ACQUISITOR Holdings, the offshore investment vehicle backed by restaurant entrepreneur Luke Johnson has upped its stake in Baltimore Technologies.

In a short statement to the London Stock Exchange yesterday, Bermuda-based Acquisitor said it has increased its shareholding to nearly 9% from 8%. Acquisitor has built up the stake in recent months.

“Acquisitor Holdings endeavours to achieve a high rate of capital growth for its shareholders by acquiring significant holdings in companies, which the members of its board of directors consider to be fundamentally sound but which are valued at a discount to the directors’ estimate of their private market value,” it said in the statement.