PROCEEDS FROM DISPOSALS
From 1 January 2011 to 31 December 2013
Following implementation of the strategy to realise value for shareholders by discontinuation of new investments and orderly recoupment of value from the investment portfolio, divestments achieved to date are set out below:
|
£ million |
NZ$ million |
| 2011 Disposals |
144 |
291 |
|
|
|
| 2012 Disposals |
314 |
633 |
|
|
|
| 2013 Disposals |
|
|
| Tower |
82 |
165 |
| Ridley |
38 |
77 |
| CIC Australia |
35 |
71 |
| Capral |
27 |
55 |
| Prime Ag |
26 |
52 |
| Tandou |
10 |
20 |
| AV Jennings |
6 |
12 |
| |
224 |
452 |
| Disposals less than £5 million and dividend receipts and other investment activity |
16 |
32 |
| |
|
|
| Total generated in 2013 |
240 |
484 |
| |
|
|
| Grand Total |
698 |
1,408 |
| |
|
|
| Note: All NZ$ comparatives to £ amounts are for illustrative purposes only, based on the NZ$ : GBP exchange rate on 31 December 2013, NZ$2.0175: £1.00. |
