Here's another winner from GPG. This article is from today's Sydney Morning Herald:
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At a buy-in price of about two bob, and probably a lot lower, Guinness has cleaned up.

It looks like Sir Ron Brierley's Guinness Peat Group has finally sold its stake in Reinsurance Australia Corp.

GPG has been selling down the stake of late, with the most recent substantial shareholder notice lodged only last week showing a selldown to 15 per cent from 17 per cent.

But traders report more selling trickling through in recent days - and yesterday a line of 21 million shares representing about 10 per cent of the company looks to have cleaned out the remainder of GPG's holding.

The line is believed to have been handled by Wilson's and was valued at $11.2 million. Traders reported it was the "end of a selling line" that's been around for a while and has been putting significant downward pressure on the stock.

Reinsurance Australia rose 3c yesterday to 57c as fears eased that the selldown of the remaining stock wouldn't find a happy home. GPG executive director Gary Weiss wasn't saying what the buy-in price was but ReAC has traded between 3c and 20c for a couple of years up until June last year.