IEP LIFTS ULTRAMAR AND OGELBAY NORTON STAKES
<Industrial Equity (Pacific) Ltd>,
(IEP) the Hong Kong-listed unit of Brierley Investments Ltd
<BRYA.WE>, said it has lifted its stakes in British oil company
Ultramar Plc <UMAR.L> and U.S. Firm <Ogelbay Norton Co>.
    IEP told the Stock Exchange it now holds 36.03 mln Ultramar
shares representing 13.07 pct of the issued capital. It holds
388,600 shares in Ogelbay representing 11.68 pct of the
Delaware-based company.
    No other details were available.
 REUTER
