Stork offered hedge funds seat on board

Engineering group Stork offered hedge funds Centaurus and Paulson a seat on its supervisory board last year, it emerged at a court hearing on Friday. In return, the funds were asked to hold off on their demands that the company be split up for a further 18 months.

The funds turned the offer down. Centaurus and Paulson have taken Stork to court after it issued new preference shares which watered down their stakes in the company.

Thank you for donating to

We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.

Make a donation