The new PPG CEO used to run the AMCOR Australian business until 2004. He was then the CEO of Aperio which was purchased by AMCOR in 2012 for about $250m from private equity.
I think the 15% blocking stake that Ruffy has in CKL is most likely strategic while other things take shape. PPG may even get delisted by a management buyout to make the deals easier to do - now that Ruffy is cashed up from the PGH float.
CKL Price at posting:
61.0¢ Sentiment: Hold Disclosure: Not Held