A council in the UK county of Yorkshire has emerged as an unlikely major shareholder in Tufton Oceanic Assets Ltd.
East Riding Council now holds 10m shares in the company, which represents a stake of 10.9%, according to a regulatory filing.
The shares are thought to be held by the East Riding Pension Fund, which administers the Local Government Pension Scheme (LGPS) for the four unitary authorities in the region plus over 190 other local employers and organisations.
