Silchester International takes 5% stake in ITV

Silchester International Investors has taken a 5% stake in broadcaster ITV, according to a filing late on Monday.

According to its website, Silchester was formed in 1994 to specialise in international equity investment, primarily on behalf of institutional investors.

The fund "seeks to earn an attractive long-term return through investment in quoted international equities".

It has one investment program - International Value Equity - and offers this program exclusively through five long-only commingled funds.