Guiness Peat Group has disposed of investments in four more assets since July and says it has now sold 57% of its portfolio.
Total funds generated since July from investments, including capital returns and dividends, amount to $NZ250 million.
The company says trading is on track for its business in Britain with third quarter sales up 5% from last year, despite difficult market conditions.
However, when exchange rates are factored in, sales have fallen 4%.
GPG plans to be effectively a threadmaking business by September next year and will change its name to Coats.
