GPG realises 18.7M pounds in latest round of asset sales

Wed, 02 Jan 2013

Jan. 3 (BusinessDesk) - Guinness Peat Group, the investment firm liquidating its asset portfolio, has realised some 18.7 million pounds in the latest grab-bag of asset sales. The firm, founded by Ron Brierley, reaped 8.8 million pounds from the sale of wholly-owned subsidiary Gosford Quarry Holdings and will keep the unit's Sydney property, which has redevelopment potential, for a later disposal, the company said in a statement. The firm has also exited stakes in Metals X, GME Resources, Nationwide Accident Repair Services, Sysmedia Group...

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