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Peet Limited Accepts Takeover Offer Of 73% Shareholding In CIC Australia Limited From Guinness Peat Group Plc


Friday, 17 May 2013 04:55am EDT 

Guinness Peat Group Plc announced that it has accepted Peet Limited's takeover offer for its 73% shareholding in CIC Australia Limited. GPG also notes that Peet has announced that its takeover offer for CIC is 'unconditional' and therefore GPG expects to receive total sale proceeds of approximately AUD57.7 million (GBP37.5million). 

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