Corbion Attracts Value Seeking Activist PrimeStone CapitalElco van Groningen
PrimeStone Capital LLP, founded by three former partners from The Carlyle Group in 2014, has taken a stake of more than 3 percent in Dutch food ingredient maker Corbion NV.
PrimeStone held 1.97 million shares on July 8, representing 3.03 percent of the share capital and voting rights, according to a regulatory filing at Dutch AFM.
“PrimeStone takes substantial minority stakes in European listed companies that it believes have significant potential for value creation,” it said on its website. “It then works constructively with management and stakeholders to create long term enduring value.”
Corbion changed management last year and the new Chief Executive Officer Tjerk de Ruiter wants to make better use of the company’s knowhow and is exploring the production of polylactic acid.
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