Grimaldi adds to Finnlines stake.

(From Lloyds List)

Byline: John McLaughlin

GRIMALDI Group supremo Emanuele Grimaldi has increasedhis company's stake in Finnlines to more than 35%, vowing at the same time that this would be his last acquisition of shares in the Finnish shortsea specialist on the public market.

Mr Grimaldi said hislatest purchase of an additional 4.9%of Finnlines takes his total stake to 35.4% or 14.4m shares. He has paid €217m ($278m) in the process for an average price per share of € 15.07.

He said this would be his last public share purchase, however, noting that under stock exchange and European Union rules he now has a three-year grace …