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Sunday 19th of September 2004
Hanover Group has sold its 9.5% shareholding in Tower as it has been denied a board seat and the ability to play a "meaningful contribution" to the group’s recovery.Hanover executive chairman Mark Hotchin says the company had been approached by a party prepared to purchase the whole stake and following significant gains in the Tower share price over the last six months, it was decided to acce...
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