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Clipsal, formally part of Gerard industries (privately owned), has been sold to Schneider in Germany. It is now just a tiny part of a huge electrical company which has the giant companies, Merlin Gerin, Square D, and Telemechnique.You would have to buy shares in Europe.Gerard Industries still owns Pierlite, a winery, and a few other industries.I have met Robert Gerard who is now on the Reserve Bank Board, nice guy and clever. I asked him if they had any plans to float Clipsal at the time and he said that there was pressure from family members (he is one of a long generations of Gerards in the business) to sell. Obviously he thought the Schneider offer was very good.So realistically, you can't buy shares in it.
Clipsal, formally part of Gerard industries (privately owned), has been sold to Schneider in Germany. It is now just a tiny part of a huge electrical company which has the giant companies, Merlin Gerin, Square D, and Telemechnique.
You would have to buy shares in Europe.
Gerard Industries still owns Pierlite, a winery, and a few other industries.
I have met Robert Gerard who is now on the Reserve Bank Board, nice guy and clever. I asked him if they had any plans to float Clipsal at the time and he said that there was pressure from family members (he is one of a long generations of Gerards in the business) to sell. Obviously he thought the Schneider offer was very good.
So realistically, you can't buy shares in it.
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