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First Pacific makes $82m

FIRST Pacific Investments NV, an investment vehicle controlled by First Pacific, yesterday announced the sale of its 43.2 per cent stake in Amsterdam-listed Internatio-Muller NV through a market placement.

Net proceeds of the investment, which was written down to nil in First Pacific's books in 1991, were about 20.5 million Dutch guilders (about HK$82 million).

The proceeds will be used on First Pacific's core businesses in Asia, including certain telecommunications projects.

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