The billionaire was spotted buying a small parcel of Star Entertainment Group shares on Friday, just 2½ weeks after refusing to tip into Star’s $750 million equity raising.
Street Talk understands pubs billionaire Bruce Mathieson was the buyer behind a small parcel of Star shares that changed hands on Friday. Stockbroker Ord Minnett, which is partly owned by Mathieson, handled the trade.
At about 5 million shares, the parcel was worth about $3 million – or chump change for the Rich Lister. But it’s an interesting move, given Mathieson’s shopping comes only 2½ weeks after. Mathieson owned 9.97 per cent before Star’s September raise and would have been entitled to nearly 57 million shares under the rights issue – but not tipping in pushed him down to 6.35 per cent of the register.
It was a surprising play, given just four months prior the billionaire had utilised Star’s February raise to wedge himself in as Star’s largest shareholder.
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