The liquidators of Peregrine Investments Holdings have sold the failed investment bank's stake in a United States fertiliser company. PricewaterhouseCoopers did not give a price for the deal but valued Peregrine's remaining direct investment portfolio at US$200 million. The liquidators have taken a more measured approach to selling Peregrine Direct Investments' assets as many of the stakes are part of viable businesses. PricewaterhouseCoopers said that more sales from the portfolio were likely before July. Peregrine's 10 per cent stake in American Phosphate Corp was sold back to the company. In the past two months the liquidators have sold seven investments from the direct investment portfolio.
