The McCann family has bought a further 5.5 million shares in Fyffes at #1 each, it was revealed yesterday. The share buying was carried out by the McCann family company, Balkan Investments.
This is by far the biggest block of shares the McCann family has bought so far. Before yesterday's announcement, Balkan Investments had spent more than £2 million (#2.5 million) over the past month buying Fyffes shares, raising its stake to 11.6 per cent from 10.2 per cent since the beginning of December.
Fyffes' share price closed three cents stronger on the day yesterday to close at #1.