Activist investor builds largest stake in Johnston Press that could signal looming takeover

The same activist investor that called a meeting with Johnston Press chairman Ian Russell last year shortly after the company cut the valuation of its assets by nearly half and increased its debt by 14%, has taken what is likely the largest stake in the publisher.
In September Crystal Amber raised its stake in Johnston Press from 5.4% to 6.7%. This week it built up its stake to 18.6%.
It is now thought to have the largest stake in the business, after Orbis Investment Management Ltd sold its enti