GPG shareholders to see cash once Coats is standing on its own

By Paul McBeth
Feb. 28 (BusinessDesk) - Guinness Peat Group's shareholders will see a cash return once the investment firm has been rebranded into its biggest asset Coats, and the UK threadmaker is standing on its own two feet.
The London-headquartered firm is firmly focused on getting rid of its last five assets and dealing with its UK pensions facing a shortfall in funding as it moves ultimately to leave Coats as a standalone company. GPG sees the rebranding as likely to happen in the second half of this year.
"Our focus in the year ahea...
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