BIL Aust. listing
PA Wellington Brierley Investments, Ltd, plans to have its shares listed on the Australian Associated Stock Exchanges within six weeks. The company has been planning the move for some time and expects to file an official application with Australian authorities within two weeks. Providing there are no delays, this will result in the listing taking effect in midNovember, BIL One of BlL’s major Assets
is its 52 per cent shareholding in Industrial Equity, Ltd, which has been listed in Australia for 21 years. BIL said the move does not represent a change in the relationship between it and lEL. lEL will continue to be responsible for its Australian investments and operations. The proposed listing will give BIL greater access to a broader-based equity market — a move consistent with the company’s recently increased level of overseas investment and borrowing.
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Press, 5 October 1985, Page 21
Word Count
141BIL Aust. listing Press, 5 October 1985, Page 21
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