Ex-Blenheim boss bounces back with Cementone buy
Friday 04 April 1997
It is Mr Lewis's first large corporate move since he sold out of Blenheim in 1991. It also comes just weeks after he backed out of a consortium to buy Nottingham Forest football club at the last minute.
Speaking from Barcelona where his yacht is being re-fitted for next month's Monte Carlo Grand Prix, Mr Lewis said: "This is my first real day back at work since Blenheim five years ago. It's nice to be back in the driving seat."
Mr Lewis said he hoped to use Cementone as a vehicle to make acquisitions, which could include a football club: "I won't rule that out as the Nottingham Forest situation gave me a flavour for it. But there are not many opportunities left in the Premiership."
He said the proposal to buy the stake in Cementone from Vijay Mallya, the Indian entrepreneur who runs UB International, came while he was in the midst of the Forest negotiations.
Mr Lewis said he hoped to be nominated to the Cementone board next week. He would consider opportunities in the exhibitions sector if the right deal was available. Other possibilities could be in the media and leisure sectors.
Shares in Cementone soared 30 per cent to 60.5p on the news.
Mr Lewis's return to the market follows similar recent moves by former Blenheim chairman Neville Buch. Earlier this week Mr Buch emerged as a 21.9 per cent shareholder in Somic, a manufacturer of yarns and woven fabric. A few weeks previously he picked up a 29.9 stake in BBB, a small design firm he chairs. Mr Buch made pounds 25m from the sale of Blenheim to United News & Media in the pounds 600m deal last year.
Though Lawrie Lewis is resident in Monte Carlo it is thought he would like to spend more time here.
His interest in the Nottingham Forest takeover saga saw him briefly involved in two competing consortia bidding for control.
Newcastle manager taunted again as his side loses to Stoke
- 1 Five-year-old Iris Grace is raising awareness of autism through her extraordinary paintings
- 2 Car tax disc changes: Two days to go - and they affect you much more than just not displaying a piece of paper
- 3 The Simpsons death: Creator Al Jean would 'kill himself' before a character like Homer or Lisa
- 4 British man raped while urinating in bushes at Oktoberfest beer festival in Germany
- 5 Pope Francis assures atheists: You don’t have to believe in God to go to heaven
Five-year-old Iris Grace is raising awareness of autism through her extraordinary paintings
Isis an hour away from Baghdad - with no sign of Iraq army being able to make a successful counter-attack
Car tax disc changes: Two days to go - and they affect you much more than just not displaying a piece of paper
British man raped while urinating in bushes at Oktoberfest beer festival in Germany
George Clooney and Amal Alamuddin wedding: The famous congratulate actor and human rights lawyer after Venice nuptials
Isis, we are told, is a 'clear and dangerous threat to our way of life'. I’m sorry, but I just don’t buy it
Exclusive: 'Putin's Russia has been my biggest regret,' says Nato's outgoing Secretary General
'Women, walk wherever you want' posters taken down in Stamford Hill following 'unacceptable' signs separating men and women
There’s no excuse for Dave Lee Travis’s behaviour, but we need to keep a sense of proportion
Mark Reckless becomes second Tory MP to defect to Ukip in a month
Should gay sex be illegal? 16% of Britons think so
- < Previous
- Next >
iJobs Money & Business
NEGOTIABLE: Austen Lloyd: TRUST ACCOUNTANT - KENTIf you are a Chartered Accou...
£18000 - £20000 per annum + OTE £30000: SThree: SThree are a global FTSE 250 b...
Highly Competitive Salary: Austen Lloyd: CITY - Law Costs Draftsperson - NICHE...
£300 - £330 per day: Ashdown Group: SQL Developer (Stored Procedures) Watford...