Nick Furlong’s Pageant Investments, Eamon Waters’ Sretaw and London-based Sand Grove increase their stakes

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Early proxy votes indicate that management-led offer for ferry operator is set to be rejected

Based on early proxy votes cast, the €1.2 billion offer by Rothwell and other managers looks set to be rejected

Nick Furlong’s Pageant Investments, Eamon Waters’ Sretaw and London-based Sand Grove increase their stakes