BIL has third of Winstone
PA Wellington Brierley Investments, Ltd, said yesterday that it has purchased on-market and by private treaty 1.66 million Winstone, Ltd, shares for a total of $2.92 million. This, together with Winstone shares received from the Winstone take-over of Odlins, brings the BIL holding in Winstone to 32.1 per cent. Winstone is No. 10 on the sharemarket in terms of market capitalisation. Meanwhile, Winstone said that it has issued 1.44 million shares in connection with its acquisition of the Dudding group of companies. Brierley move The United Kingdom-based firm of Tozer Kemsley and Millbourn Holdings, Ltd, which is 24.8 per cent owned by a Brierley Investments, Ltd, associate company. Industrial Equity (Pacific), Ltd, has announced major restructuring plans, BIL said. These will result in lEP, through a subsidiary company, moving to a 62.4 per cent shareholding. BIL also announced that Mr W. M. Loewenthal is to take up the position of chief executive of lEP.
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Press, 2 July 1985, Page 26
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159BIL has third of Winstone Press, 2 July 1985, Page 26
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