BIL buys motor shares
PA Wellington Brierley Investments, Ltd, has topped up its shareholdings in two Well-ington-based motorvehicle dealers.
BIL has purchased privately 142,765 ordinary shares in Manthel Holdings, Ltd, representing 6.2 per cent of the firms issued capital. The shares, bought at 350 c for a total cost of $499,677, increases BlL’s stake in Manthel to 18.7 per cent. BIL has also bought a further 58,132 shares in the Colonial Motor Company, Ltd, or 0.4 per cent of the issued capital, at 350 c. The total cost was $203,462. This takes BlL’s shareholding in Colonial Motors to 9.7 per cent.
Colonial Motors has previously rejected BlL’s take-over offer at 350 c.
Manthel Holdings reported on Monday, a 44 per cent drop in profit to $556,000 for the year ended March 31.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19860709.2.148.3
Bibliographic details
Press, 9 July 1986, Page 33
Word Count
132BIL buys motor shares Press, 9 July 1986, Page 33
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in