Organo stake in UTV rises to 16%

ORGANO Investments – one of the investment vehicles owned by Irish financiers Neill Hughes and Peter Crowley – has increased its stake in UTV Media, to more than 16%.

Organo began its investment in the broadcaster and media group last year, by buying a 6.6% stake.

The company has been steadily increasing its stake in UTV since then. By the end of last November, Organo had control of 11.4% of the group. The last time the company was obliged to report to the market, it had reached a 14.3% shareholding.