Activist investor Alphaleo Holdings has dramatically reduced its stake in Inui Global Logistics — potentially marking the end of its three-year battle with the management of the Japanese dry bulk operator.
The activist is no longer among Inui’s top 10 shareholders, according to the Tokyo Stock Exchange-listed outfit’s latest corporate governance disclosure.
Alphaleo and associated companies had bought up to 31% of Inui’s shares since 2019.
