Company highlights
• Record interim profits achieved by all group holding companies — BIL $NZ135.3 million, lEL sAusts3.79 million, lEP $HK143.9 million. • Tozer Kemsley and Millbourn (Holdings) Pic completed its first full year of trading since restructuring with a profit of £l7 million. • Full acquisition of Winstone, Ltd. • Major investments by lEL in Woolworths, Ltd, and Advertiser Newspapers, Ltd. • Restructuring of liquor interests in New Zealand through acquisition of a majority shareholding in Magnum Corp, Ltd, and that company’s subsequent merger with Dominion Breweries, Ltd, and Quill Humphreys, Ltd.
• BIL shares listed on the Stock Exchange in London. • Unsuccessful takeover bid for Ocean Transport and Trading Pic by lEP, but shareholding increased to 30 per cent. • Acquisition and subsequent sale by lEL of 12 per cent shareholding in Herald and Weekly Times, Ltd. • Listing in Luxemburg of international banking and trust group, European Pacific Investments S.A. with BIL, the Bank of New Zealand and Capital Markets each holding 28 per cent. • Take-over by lEP of Anadite Inc and numerous stategic shareholdings acquired in the United Kingdom and the United States.
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Bibliographic details
Press, 10 March 1987, Page 39
Word Count
178Company highlights Press, 10 March 1987, Page 39
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