Business and City in Brief: Brierley win

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The Independent Online
GUINNESS PEAT GROUP, the investment vehicle headed by Sir Ron Brierley, the New Zealand financier, has won control of Brown Shipley, the fund management and stockbroking group, in a pounds 5.6m deal.

Kredietbank of Luxembourg, which had been trying to acquire Brown Shipley, sold its 29.9 per cent stake to GPG.