October 22, 2018 / 4:19 PM / 6 months ago

BUZZ-Johnston Press: Top investor hikes stake, says has an "appetite for the business"

** British regional newspaper publisher Johnston Press Plc closes up 83.9 pct at 4.1 pence

** Custos Group CEO Christen Ager-Hanssen says he has an “appetite for the business” after the activist investor raised stake in Johnston to over 25 pct

** "..we are in a position to be more active and ensure some of the more insane board or adviser actions can be blocked, Ager-Hanssen said on Friday here

** The increased holding proves that Custos continues to have confidence in the underlying business, he added

** Johnston Press declined to comment

** The publisher of The Scotsman, The Yorkshire Post and “i”, put itself up for sale earlier this month after it reviewed its financial situation, which includes a large debt repayment due next year (Reporting by Justin George Varghese in Bengaluru)

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