AMP Capital halves its stake in Skellerup

Fri, 20 Feb 2015

By Suze Metherell Feb. 20 (BusinessDesk) - Fund manager AMP Capital Investors (New Zealand) has halved its stake in Skellerup Holdings, while remaining a substantial shareholder of the industrial rubber goods firm. The Wellington-based fund manager reduced its holding in the Auckland-based company to 5.89 percent, from a previous 11.2 percent, selling 10.2 million shares between Nov. 3 and Feb. 19, according to a shareholder notice lodged with the NZX. Yesterday the rubber goods firmed revised its full-year guidance, saying annual profit...

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