Profits surge for IEL

Industrial Equity Ltd has reported an 87 per cent rise in December half net earnings to $15.36 million from the previous December halfs net profit of $8,210,000.IEL broke its long…

Cascade wins beer war

THE Industrial Equity Ltd-controlled Cascade Brewery Co Ltd yesterday crushed its interstate opposition in the beer market by grabbing control of the Tasmanian Four Seasons accommodation chain.

Lloyds International advisers on IEL bid

SYDNEY Directors of troubled building industry supplier Acrow Australia Ltd have appointed Lloyds International Ltd to advise Acrow on a takeover offer tor the company by Industrial Equity Ltd.

Takeover jitters at Allied Mills

Nervousness about a possible takeover bid came to the surface at Allied Mills Ltds annual general meeting yesterday at which a group of dissident shareholders tried unsuccessfully to oust the…

IEL reassures Cascade staff

Cascade Brewery employees had nothing to fear from the recent takeover of the company by Industrial Equity Ltd, lELs general manager, Mr W. Loewenthal, said yesterday.

IEL takes low-key board role

Only two executives of Industrial Equity Ltd were yesterday appointed to the board of.the Cascade Brewery Co Ltd, in a move which ended speculation about total IEL dominance of the…

Flashpoint in takeover war

The Cascade takeover reached a flashpoint yesterday when the National Companies and Securities Commission refused to allow the Seppelt-CC Bottlers consortium the right to conditionally vary its takeover offer to…

IEL considers move over sale of Cascade shares

Industrial Equity Ltd yesterday said it was considering the option of taking legal action after the National Companies and Securities Commission last month ruled Potter Partners engaged in unacceptable conduct…

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