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Linfox sells more BOQ shares

Linfox, the largest shareholder in Bank of Queensland, continues to sell more of its stake in the bank.The family investment firm of the Fox family, which made its fortune in trucking and logistics, yesterday advised that it sold another 288,000 shares worth about $9.8 million over recent days.Linfox now holds a little less than 10 million shares in BOQ, but still equal to around seven per cent of the company.Last month BOQ confirmed it would undertake a strategic review. The object of the review seems to be to find a buyer for the bank rather than trying to buy smaller deposit taking entities. Investment bank O'Sullivan Partners is advising on the project.

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