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Bit more,
Sir Ron Brierley's investment vehicle, Guinness Peat Group, is looking to England and Australia for opportunities to spend its estimated $500 million to $600 million war chest.

Nice timing, not a bad thing to have handy these days,the old war chest.

"We're not a sausage factory so we won't be spending money for the sake of it, but only when we think it is a very good deal with an opportunity for reasonable profits."

A better approach than most of this ilk, I think, the others seem to have a must be fully invested type of approach, which is often distructive.

"Without giving anything away I can say there is plenty on our radar screen and we have a lot of plans regarding what we want to invest in.

"At this stage it is true to say our primary interest is in England and perhaps Australia because of the size of their markets.


http://www.nzherald.co.nz/business/businessstorydisplay.cfm?storyID=586656&thesection=business&thesubsection=markets&thesecondsubsection=sharemarket&thetickercode=GPG


JR


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