Brierley passes half-way point in GPG exit, raising $17.73 mln

Thu, 07 Mar 2013

By Paul McBeth March 8 (BusinessDesk) - Corporate raider Sir Ron Brierley has passed the half-way point in his exit from Guinness Peat Group, the investment firm he founded in the early 1990s, and has raised some $17.73 million in a series of sales since October last year. The Sydney-based septuagenarian sold 5 million shares in GPG at 60 cents apiece for a total of $3 million on March 5, according to a notice to the stock exchange. That takes the running tally to 30 million shares sold on the ASX and NZX since he embarked on selling down...

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