Pyne Gould offloads bulk of Perpetual business to van Eyk Research

Fri, 22 Mar 2013

By Paul McBeth March 22 (BusinessDesk) - Pyne Gould Corp, the South Island asset management firm controlled by George Kerr, has sold the bulk of its Perpetual businesses to Australian research and management group van Eyk Research. The Christchurch-based group has sold Perpetual Asset Management and Perpetual Portfolio Management, though hasn't included Perpetual Trust as previously indicated. The sale was flagged in January, and would see Pyne Gould merge the Perpetual units into van Eyk and then sell its 38.2 percent stake in van Eyk to in...

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