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GPG wins a court battle
Monday 22nd of March 1999
Guinness Peat Group (GPG) has won approval to takes its appeal against Tower Corporation's demutualisation to the Privy Council.The Court of Appeal granted GPG leave for the appeal with the condition that the case be heard by early June so as to not delay Tower's sharemarket listing plans.
Tower plans to demutualise and list on the New Zealand sharemarket in September.
GPG has been s...
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