Gillett denies rumours

Last updated : 26 March 2009 By Adam Bryant

"What was told to the media was that we are doing some estate planning and looking at various assets to see whether we should refinance them, sell them, buy them, nothing urgent, we were just starting the process," he said.

"We had engaged six investment advisors around the world and it got reported as four and that we were selling assets as opposed to estate planning.

"Even when you think you're doing it right it gets distorted. There is no story yet, we'll find out what it is when we get the reports. The need to make headlines sometimes transcends research."