Petchey finds Swede to buy Newport stake

In a surprise turn of events, Petchey's investment vehicle Richmount announced last week it had entered into a put-and-call option agreement with Johan Robb's Anglo Scandinavian Investments over a 29.9% holding in Newport. Petchey is selling the 3.19m shares at 150p each, which will net him an estimated profit ...

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