International edition
September 22, 2021

Silchester becomes fourth biggest stockholder in the company

London-based investment fund buys stake in William Hill

London-based investment fund buys stake in William Hill
According to media reports, Silchester International, major backer of supermarket Morrisons and publisher Pearson, has taken a 5% stake in the bookie.
United Kingdom | 08/22/2017

According to media reports, Silchester International, major backer of supermarket Morrisons and publisher Pearson, has taken a 5% stake in the bookie.

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ilchester International Investors, which is headquartered in Mayfair, was  founded by Stephen Butt.

Silchester has a reputation for taking a punt on struggling companies that nevertheless have strong potential, and the bookmaker has been under pressure from falling revenue and the abrupt departure of CEO James Henderson.

Following the resignation of Henderson, Philip Bowcock took the reins. According to Bowcock, the company is on track to improve its profit performance through a series of strategies, especially in its onlinebusiness.

After a number of failed merger attempts, William Hill's H1-2017 profits were down 1%t at GBP 130 million.

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