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[sharechat] RBC and FFS/ FFSPA


From: "G Stolwyk" <stolwyk@wave.co.nz>
Date: Sun, 1 Jul 2001 14:57:04 +1200


 
The reason why I said prior to the sale of the oil terminals and petrol stations assets, that prices for these will be " satisfactory ", was, that the present Board of RBC had originally agreed on a "satisfactory price " to buy from Fletcher Challenge.
 
Mind you, they had to take the S. American assets as well.
 
After much adverse comment on Fletcher Challenge, the RBC Board wants to be known as a go-ahead Board who maximizes the RBC share price.
 
RBC has 17.3 % stake in FFS/ FFSPA  and both Boards get on well!
 
Whatever happens, I don't think that RBC will suffer! 
 
Watch this space!!
 
Gerry     

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