Mason Hawkins, Guinness: Earlier today, a filing disclosed that Southeastern Asset Management, managed by Mason Hawkins, increased its stake in London-listed Guinness Peat Group Plc (LON:GPG). Southeastern now holds around 78.1 million shares of Guiness Peat Group, which have an aggregate value over $4 billion, at the current stock price of the company. Following the increase, Southeastern now holds 5.55% of the company’s total voting rights.
Guinness Peat Group is an investment holding company engaged in a variety of fields and sectors like financial services, food processing, building materials, property development and others. At the end of September, GPG reported disposing its entire 33.6% position in TOWER Limited, for around $98 million. The stake was the last material investment for GPG and closes the company’s investment portfolio realization program. In terms of the realization program, Guiness Peat Group gained cash proceeds worth over $1.1 billion, the company said in a statement.