Guinness Peat exits Australia’s Ridley Corp to PE buyer
Guinness Peat Group (GPG), an investment holding company with interests in Europe and Australia, has sold its 19.5% stake in Australian animal feed company Ridley Corp to a PE firm for A$54 million ($55 million).
According to The Wall Street Journal, US-based AGR Partners is the buyer. GPG is listed in London, Australia and New Zealand. As of the end of last year, it had a market capitalization of approximately...
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