WATERFORD Wedgwood is to increase its stake in the German porcelain makers, Rosenthal, to at least 12.5 per cent. The group currently has a 9.1 per cent stake.
Rosenthal yesterday announced the terms of a rights issue which is part of a series of restructuring measures aimed at turning around its fortunes.
Shareholders are to be offered 300,000 shares at 120 deutschmarks (£46) each from April 14th through to April 28th.
The issue is being guaranteed by Waterford Wedgwood. The group paid £3 million for its 9.1 per cent stake in Rosenthal last month.
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