GPG to reap 92 mln pounds from latest round of asset sales

Tue, 16 Apr 2013

April 17 (BusinessDesk) - Guinness Peat Group, which expects to rebrand itself as UK threadmaker Coats later this year, anticipates it will reap 92 million pounds from its latest round of asset sales. The London-headquartered will have raised 129 million pounds from assets sales and capital returns this year, taking its total cash raised to 587 million pounds since embarked on liquidating its portfolio in 2011. Once GPG's assets have been sold, it will rebrand itself as Coats, its biggest holding, something likely to happen in the second half...

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