Balverona increases stake in HR Owen to over 27 pct


LONDON, Feb 21 (Reuters) - Luxury car dealer HR Owen said on Thursday that major shareholder Balverona had increased its stake as it edges nearer the threshold at which it would have to mount a takeover bid. Balverona's governing director Neville Crichton owns Ateco Automotive, an Australian and New Zealand car importer which distributes top-end brands such as Ferraris and Maseratis. Balverona picked up 35,000 shares at 50p each, a significant discount to HR Owen's quoted closing price ...

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