View the article online at http://citywire.co.uk/money/article/a556863
Artemis and Hargreaves Hale buy into start-up African airline
John Dodd and Adrian Paterson, co-managers of the Artemis Alpha Trust, along with Giles Hargreave, have piled in to the company behind FastJet.
Artemis smaller company manager John Dodd has taken a near 10% stake in the business behind FastJet – a joint partnership with easyJet (EZJ.L) founder Sir Stelios – which plans to set up a low-cost African airline.
Dodd took 25 million shares in a placing by Rubicon Diversified Investment (RUBI.L), which plans to raise finance for the project, worth £1 million at an issue price of 4p.
Rubicon announced in early December its intention to develop a 'low-cost, point-to-point, no-frills, all-jet' airline along the lines of easyJet, serving regional hubs across the African continent.
The company has agreed to pay Sir Stelios’ easyGroup £505,000 to carry out an initial feasibility study.
Also buying heavily into the company in recent weeks has been Citywire A-rated Giles Hargreave, head of Hargreaves Hale, arguably one of the most successful UK smaller company managers of recent years.
The Citywire guide to investment trusts
In association with Aberdeen Asset Management
More about this:
Look up the shares
Look up the investment trusts
Look up the fund managers
More from us
Tools from Citywire Money
From the Forums
Weekly email from The Lolly
Get simple, easy ways to make more from your money. Just enter your email address below
An error occured while subscribing your email. Please try again later.
Thank you for registering for your weekly newsletter from The Lolly.
Keep an eye out for us in your inbox, and please add email@example.com to your safe senders list so we don't get junked.
by Chris Marshall on Mar 10, 2014 at 05:01