Wolves owner set to take housing group Redrow private
31st August 2012
REDROW, the publicly listed housing group headed by Wolverhampton Wanderers owner Steve Morgan, could be set to re-enter private hands.The property and leisure group Bridgemere Securities, owned by Mr Morgan has made an approach to the board of the housing group with a potential offer.Toscafund Asset Management, which holds 13.8% of the housing group’s shares, together with Penta Capital are allied with Bridgemere should the offer be forthcoming.Bridgemere is already a significant shareholder in Redrow and it owns the Wolves ......for the full story register now for free or login below...
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