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STOCKHOLM INVESTOR INCREASES STAKE IN POTTERY GIANT

Posted on Tuesday, November 10, 2020


STOCKHOLM INVESTOR INCREASES STAKE IN POTTERY GIANT

A venture capital and private equity company based in Stockholm, Sweden, upped its stake in a Stoke-on-Trent pottery giant.

AB Traction now has a 4.19 per cent holding in homewares maker Portmeirion, up from 3.67 per cent.

The company first invested in the listed business in July.

Portmeirion reported in September that it fell to a pre-tax loss during the first six months of its financial year.

However, the company said it "anticipates" a return to the black in the second half of 2020.