Pyne Gould sells Epic stake after failing to gain control of the board

Wed, 22 Oct 2014

By Suze Metherell Oct. 23 (BusinessDesk) - Pyne Gould Corp, the asset management firm controlled by managing director George Kerr, has sold its 27 percent stake in Equity Partners Infrastructure Co No 1 after failing to take control of the investment company and oust its board. The Gurnsey-based sold its entire 41.89 million shares of Epic, at 30 British pence per share netting 12.6 million British pounds, it said in a statement. In New Zealand dollar terms it equates to 60 cents per share, or $25.4 million, and was 60 cents above Pyne Go...

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