Miining magnate Gina Rinehart has increased her stake in Fairfax the media company to more than 15 per cent, the Sydney Morning Herald reports.
More than $25 million in Fairfax shares were bought in one transaction, fuelling speculation on Thursday.
At 1228 AEST on Thursday, 42 million Fairfax shares were bought in one transaction, at a price of 60 cents per share.
The trade was worth $25.2 million, and represents 1.8 per cent of Fairfax's total issued shares. Pressure is now said to be on the company to give Ms Fairfax a seat on the board.
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