Bellway PLC
From Taighde
Bellway PLC is a major housebuilding in the United Kingdom.
Four days after the Sainsbury’s deal collapsed on November 8, Instow, another subsidiary of Three Delta, which is in turn a subsidiary of Qatar Investment Authority, bought a 3.48% share of Bellway PLC (BWY:LSE), the 4th largest homebuilder in the UK. A bid by Three Delta to takeover Bellway is quite feasible. Bellway would work very well in the overall portfolio of Three Delta. It would also fit well with its long-term outlook, as Paul Taylor says that Three Delta’s goal is to invest in the long term rather than for short term gains. On November 13, Instow increased its shares to 4.05%. They have spent roughly around £46 million.
On March 12, 2008, Instow decreased it shares in the company by .3% to 3.76% from 4.1% with the total amount of shares equaling 4,324,562 shares. Instow shares decreased again on March 20, 2008 to 2.80% to 3,211,503 total shares
Government Pension Fund of Norway
The Government Pension Fund of Norway held a 1.32% stake in the company as of December 31, 2009. The stake is valued at $20,924,257.
| Date | Ownership | Voting | Value |
|---|---|---|---|
| December 31, 2009 | 1.32% | 1.32% | $20,924,257 |
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