Andrew Forrest creeps up on Bega Cheese

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Rich Lister iron ore billionaire Andrew Forrests agrifoods unit has lifted its stake in Vegemite owner Bega Cheese to 11.5 per cent after buying an additional $15 million in shares.Mr Forrests Tattarang investment arm acquired an extra 4.55 million shares in Bega, continuing the steady accumulation of a holding in the food group that began more than nine months ago. Tattarangs substantial shareholder notice to the ASX late on Friday showed it had lifted its holding from a previous 10 per cent stake.

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