Brispot Nominees has popped up with almost 5.5 million shares, or 0.95 per cent of the company. Brispot bought 6.2 per cent of Pauls amid a takeover play for the Queensland dairy group by Parmalat in 1998.
At the time, Brispot was part-owed by Potter Warburg Securities, which evolved into Warburg Dillon Read, which was swallowed by UBS.
Warburg Dillon Read was adviser to Pauls amid that takeover play.
In 2006, Brispot resurfaced again, this time amid Alinta's quite hostile share raid on AGL.
Brispot popped up on the Alinta share register, and beneficial ownership of the Brispot stake was formally traced back to UBS when Alinta asked the corporate plod to take a look.
UBS was hired by AGL as an adviser, and seemingly used the Brispot nominee account to hide a stake in Alinta. Now, three years later, Brispot is back again. Don't they say things come in threes?