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GPG sells stake in British brewery
WELLINGTON, May 14 BusinessDesk Guinness Peat Group, the diversified investor winding up its portfolio to return funds to shareholders, has exited its remaining stake in Shepherd Neame, a 300-year-old family controlled British brewer.
GPG sold 235,235 shares in Neame, which trades on the London-based PLUS stock exchange.
The stock last traded at STG7.10 ($NZ14.60 pence, valuing the stake at about STG1.67 million ($NZ3.43m).
Neame's beers include Spitfire and Bishops Finger, and it owns about 360 pubs and hotels in southeast England, according to its website.
GPG shares last traded at 49.5 cents on the NZX, down from as much as $1.56 in May 2007.The world in pictures
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