商業快報

Activist investor Oasis builds stake in sandwich maker Greencore

Hong Kong-based fund frustrated at group’s failure to pay a dividend since 2020
Greencore, the biggest sandwich maker in the UK, has rebounded from the pandemic but its share price lags and no dividend has been paid in four years

Hong Kong-based activist fund Oasis Management has built a stake in the convenience foods group Greencore, raising the prospect of a shake-up at the UK’s biggest sandwich maker.

Oasis owns just under 5 per cent of the stock, putting it among Dublin-based Greencore’s top 10 shareholders but below the disclosure threshold, according to two people familiar with the matter. The fund manager has owned the London-listed stock for several years but has begun buying up shares more aggressively since last summer.

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