Ron Brierley keeps selling down GPG stake

Sun, 16 Dec 2012

By Paul McBeth Dec. 17 (BusinessDesk) - Veteran corporate raider Ron Brierley has continued to sell down his holding in Guinness Peat Group, offloading another A$2.38 million of shares. Brierley sold 5 million shares at 47.5 Australian cents apiece, leaving him with 36.9 million shares, or 2.3 percent, of the investment company he took over in 1990, according to a regulatory notice. He's sold 15 million shares for some $8.78 million since he started selling down at the end of October. Brierley clung to his GPG seat at this year's annual me...

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