Guinness Peat Group

Guinness Peat Group was an investment holding company with interests in Europe, Australia and New Zealand.

Guinness Peat Group
TypePublic limited company
ASX: GPG
LSE: GPG
NZX: GPG
IndustryInvestments
Founded1980s
FounderGuinness Mahon
Defunct2015
SuccessorCoats
HeadquartersLondon, England
£64 million[1] (2014)
£9 million[1] (2014)
Websitewww.coats.com

History

The company, which had been formed as an investment offshoot of London based investment bank Guinness Mahon in the 1980s, was acquired by Brierley Investments in 1990.[2] The company's shares were listed on the New Zealand Exchange (NZX) in 1991, on the London Stock Exchange in 1992 and the Australian Securities Exchange (ASX) in 1993.[3] In 2000, the company spearheaded a campaign to stop the London Stock Exchange from merging with Germany's Deutsche Börse.[4]

Having disposed of its other investments, in March 2015 the company was renamed after its remaining subsidiary, Coats.[5][6] In June 2016, Coats delisted from the ASX and NZX.[7][8]

References
  1. Annual Report 2014 Coats
  2. "Weiss exits Guinness Peat but stays on at Coats". The Australian. 1 April 2011. Retrieved 8 February 2016.
  3. Gaynor, Brian (3 July 2010). "Investors must insist on best practice". New Zealand Herald. Retrieved 8 February 2016.
  4. "Exchange merger 'bad for investors'". The Daily Telegraph. 11 August 2000. Retrieved 8 February 2016.
  5. Change of name to Coats Group plc Coats 26 February 2015
  6. "Ron Brierley resigns from Coats". New Zealand Herald. 20 April 2015.
  7. Confirmation of Delisting from NZX and ASX Coats 19 May 2016
  8. Coats Group to delist from NZX after 26 years Stuff 19 May 2016
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