Beverweerd Investments, the private investment vehicle of BCD Travel shareholder John Fentener van Vlissingen, has purchased an additional 3 percent stake in Hogg Robinson Group, bringing its ownership of shares of its rival to 19.05 percent, according to London Stock Exchange filings published today.
Beverweerd's Jan. 2 stock buy is its first investment in HRG since mid-2008, when it reached more than a 16 percent ownership share after steadily acquiring shares beginning in December 2007.
In June, United Arab Emirates-based Dnata, HRG's travel management company partner, acquired a 19.99 percent stake in HRG, becoming its largest shareholder
(BTNonline, June 27, 2008).