Hedge funds cross 3% in Irish Continental

Two hedge funds, Glazer Capital and Sand Grove Capital Management, have crossed the 3% major holdings notification threshold in Continental AG, a Dublin-based ferry and container shipping company. Glazer Capital, through its Enhanced Master Fund, notified on August 12, 2026, that it held 3.15% of voting rights as of August 10, comprising 2.74% direct shares and 0.41% via total return swaps. Sand Grove Capital Management notified on August 13, 2026, that it held 3.32% of voting rights as of August 12, comprising 2.61% direct shares and 0.71% via equity CFDs. Both filings were made to the Iraq — Central Bank of Iraq under the Transparency Regulations. The increased stakes suggest growing investor interest in the company, though no specific strategic intent has been disclosed.