Franklin Templeton Investments has continued to hike its stake in Clarksons.
The US asset management giant’s institutional investors division brought its stake in the London shipbroking giant to 11.4% with the purchase of an additional 405,000 shares, according to a securities filing.
The nearly 3.46 million shares the Franklin Templeton Institutional now owns is worth £61.4m ($87.7m) at today’s closing price on the London Stock Exchange.
TradeWinds
