ADMIRAL OF AUSTRALIA
U.S. Interest Sold
General Industries, Ltd., Sydney, has bought the shareholding of Admiral International Corporation of Chicago, in Admiral of Australia (Proprietary), Limited. Consideration for the deal is in cash, with payments to be spread over five years. Admiral of Australia was formed in February, 1955, with capital equally subscribed by Admiral International and General Industries. The managing director of General Industries (Mr J. B. Clarkson) said that the acquisition was “extremely satisfactory.” General Industries would retain its association with Admiral International with a ten-year “know-how” agreement under which it would continue to receive technical assistance on electronics, airconditioning. and refrigeration, he said.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/CHP19610506.2.191
Bibliographic details
Ngā taipitopito pukapuka
Press, Volume C, Issue 29506, 6 May 1961, Page 15
Word count
Tapeke kupu
106ADMIRAL OF AUSTRALIA Press, Volume C, Issue 29506, 6 May 1961, Page 15
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
Ngā mihi
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in