Charter sells
Charter Corporation, Ltd, has sold its 16.4 per cent shareholding in Salmond Smith Biolab, Ltd, to an undisclosed buyer for 260 c a share, in an off-market transaction. Charter said the sale of the 3.9 M shares gave it a “significant surplus” and released funds for other planned investments in equity markets in New Zealand and overseas. Salmond sold for 240 c on the sharemarket yesterday.
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Press, 24 April 1986, Page 27
Word Count
68Charter sells Press, 24 April 1986, Page 27
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