By Phil Boeyen, ShareChat Business News Editor
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Thursday 19th July 2001 |
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The $1.00 per share price for GPG's 26.7 million shares is 2.5 times the company's entry price of around 40 cents per share.
GPG accumulated most of the holding late in 1999 and earlier this year said while it was not a major investment at a cost of £3.3 million, it was a timely one in terms of reflecting a more buoyant New Zealand economy.
RD1.COM operates some 28 stores around the country offering hardware, fertiliser, seed, animal health and other farm supplies.
It also has a strong online portal, which acts a virtual store as well as offering a range of farming information.
RD1.COM was launched last September to give an online presence to New Zealand Dairy Group's AnchorMart retail stores and is owned by a number of corporate and private investors.
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