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Old 18th Dec 2006, 21:00
  #712 (permalink)  
G-WHOT
 
Join Date: Feb 2006
Location: England
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Quote from Aviation Industry News - Fleeet Finance:
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Strong stock market debut for PTB
Aircraft engine seller and repairer PTB Group has raised raising $5m in an initial public offering on the Australian Stock Exchange. The Brisbane-based company, which last week delisted from the Newcastle Stock Exchange, listed at A$2.35, representing a 35 cent, or 17.5 per cent, premium to its offer price of A$2.00. Formed in 2001, PTB operates a specialist turbine engine repair and trading business in relation to Pratt & Whitney PT6A and Honeywell PTE331 turbine engines. In September it acquired IAP Group, an independent stockist of commercial and military aircraft spare parts in the Asia-Pacific region. In October it acquired the aircraft and associated parts of UK-based Emerald Airways and Emerald Airways Engineering for about $16m.
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So KPMG got some money for the assets!
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