New Wincanton shareholder agitates for break-up of business


 

The investor that successfully campaigned against DX Group’s former executive team last year has called for Wincanton to sell one of its two divisions after buying a 2% stake in the 3PL. Gatemore Capital Management made headlines last year as a DX Group shareholder, when it demanded the removal of then- board chairman Bob Holt and non-executive director Paul Murray after the operator’s share price plummetd. It later bought more shares in the business, making it the group’s majority shareholder. […]