Shares in the troubled UK retailer Woolworths are being bought heavily by Aredeshir Naghsineh leading to speculation that the Iranian-born property tycoon will mount a full scale bid for the company.
Through his property company Targetfollow Property Holdings Naghsineh has been rapidly increasing his stake in Woolworths since the end of June. On the 1st July 2008 it was revealed that Naghsineh had an interest in the company of 3%, on Friday that holding had jumped to over 10%.
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