GVI affiliate continues to build stake in American Commercial Lines

By Lisa Kerner

Charlotte, N.C., Nov. 27 - GVI Holdings, Inc. affiliate EGI-Fund (08-10) Investors, LLC increased its ownership of American Commercial Lines Inc. to 2.6% from 1.7% with the purchase of 460,000 additional shares of the company's stock.

The shares were acquired on Nov. 26 for a total of some $6.8 million, or an average price of about $14.81 per share, according to a schedule 13D filing with the Securities and Exchange Commission.

GVI owns 5,317,084 shares, or 10.5%, of the Jeffersonville, Ind., marine transportation and service company.

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