McConnell gains $30M profit
PA Wellington McConnell Dowell Corporation, Ltd, made a S3O million profit from the sale of its 27.5 per cent stake in Kupe Group, Ltd, McConnell Dowell said in a statement yesterday. McConnell Dowell’s entire holding was sold for $145 million. The managing director, Mr David Beldotti,
i said that the infusion of cash — in a period of ) high interest rates and i falling equity prices — t would aid McConnell , Dowell in its drive in the 1 Pacific markets. - The cash would enable the construction coms pany to capitalise 1 quickly on fresh business opportunities it had identified in recent months, , he said.
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Press, 3 February 1987, Page 19
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106McConnell gains $30M profit Press, 3 February 1987, Page 19
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