Fund managers lambast GPG over demerger plan

Early indications suggest Guinness Peat Group directors will struggle to convince shareholders to agree to a plan to split the investment company in two in a bid to return value.Fund managers expressed frustration and anger at the proposal, which, if appr

Duncan Bridgeman
Wed, 16 Jun 2010

Early indications suggest Guinness Peat Group directors will struggle to convince shareholders to agree to a plan to split the investment company in two in a bid to return value.

Fund managers expressed frustration and anger at the proposal, which, if approved, would see GPG spin off its Australian

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