Cullum’s shareholding in Towergate drops to 20%

peter cullum towerbridge cutout

Towergate has confirmed that Peter Cullum's shareholding in the business has reduced dramatically to 20%.

At the time of the consolidator's annual company report for 2013, the principal shareholders of the group were Cullum, who owned 32.6% of the shares with voting rights and Advent International, which held 43.9% of the shares.

According to the 2013 report "the remaining 23.5% of the shares are widely dispersed".

However, the broking giant has now detailed that the current shareholding

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