A little-known South African investor emerged yesterday as the largest shareholder in Minerva, the commercial property group.

Nathan Kirsh, through his Kifin investment vehicle, is understood to have been behind a huge share purchase in the company that went through late on Tuesday.

Aberdeen Asset Management is believed to have sold its entire stake in Minerva, after being approached by Kirsh. Kifin now holds about 20.4% of Minerva’s shares.

The Times