Brierley philatelic stake
NZPA-AAP London A keen interest in stamps has led New Zealand entrepreneur, Sir Ron Brierley, to take a 30 per cent stake in unquoted philatelic dealer, Stanly Gibbons. The “Financial Times” said Sir Ron, a collector for many years, had paid about £l.B million (SNZS.I6M) for a 29.85 per cent stake taken through lEP Securities — part of the Brierley Investments Group.
Two representatives of lEP were joining the board, but there was no current intention of making a takeover bid for the stamp dealer, the newspaper said. Gibbons, one of the best known names in international philately, has announced a doubling of pre-tax profits to £178,000 in the six months to the end of December. Gibbons shares are traded under the London Stock Exchange matched bargain rules.
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Press, 18 February 1989, Page 29
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130Brierley philatelic stake Press, 18 February 1989, Page 29
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