3 Apr 2012

Over 75% of PGC now controlled by buyer

6:17 am on 3 April 2012

The company seeking control of Pyne Gould Corporation is continuing to secure more of the firm.

Australasian Equity Partners, which is owned by Pyne Gould's two biggest investors, Baker Street Capital and George Kerr, is offering 37 cents per share, valuing the firm at $80 million.

It now has acceptances giving it control of more than 76% of Pyne Gould.

The offer closes at the end of the month.