Independent –
Centaurus Capital, a London-based hedge fund, has launched a shareholder campaign to try to force the Dutch engineering group Stork to break itself up.
Centaurus, acting with the fellow hedge fund Paulson & Co, which is based in New York, called an extraordinary meeting yesterday for next month at Stork. Together, the two investors own 32.9 per cent of the voting rights in the company, which they say suffers from being a conglomerate of unrelated businesses.
Stork, which is worth about €1bn (£680m) on the stock market, has operations ranging from supplying the aerospace industry, to manufacturing poultry processes machines.
