Guinness Peat Group
| Company type | Public company |
|---|---|
| Industry | Investment holding |
| Predecessor | Guinness Mahon (investment arm) |
| Founded | 1980s |
| Defunct | March 2015 |
| Fate | Renamed Coats Group in March 2015 |
| Headquarters | London , England |
Area served | Europe, Australia, New Zealand |
Guinness Peat Group operated as an investment holding entity with business interests spanning Europe, Australia, and New Zealand.
History
Originating in the 1980s as a spin-off investment arm of the London-based investment bank Guinness Mahon, the firm was taken over by Brierley Investments in 1990. Its stock was first listed on the New Zealand Exchange (NZX) in 1991, followed by the London Stock Exchange (LSE) in 1992, and subsequently on the Australian Securities Exchange (ASX) in 1993. In 2000, Guinness Peat Group spearheaded efforts to block a proposed merger between the London Stock Exchange and Germany's Deutsche Börse.
Following the sale of various assets, the company adopted the name Coats Group in March 2015, aligning with its sole remaining subsidiary. Coats Group continued to trade on the LSE and became part of the FTSE 250 Index, while it withdrew its listings from both the ASX and NZX by June 2016.
References
- Articles with short description
- Companies formerly listed on the Australian Securities Exchange
- Companies formerly listed on the London Stock Exchange
- Companies listed on the New Zealand Exchange
- Defunct companies based in London
- Former dual-listed companies
- Holding companies disestablished in 2015
- 2015 disestablishments in England