	rainbow and equiticorp place ultramar stake new zealand investment companies rainbow corp ltd and equiticorp holdings ltd have placed the majority of their joint shareholding in oil and gas conglomerate ultramar plc umar l at prices up to stg per share the companies said in a statement the companies said they had bought their pct stake in ultramar for a total of mln n z dlrs through a joint venture company formed for that purpose in october they said the joint venture made a profit of mln n z dlrs on the deal but they did say how many shares they had sold no further details of the sale were available reuter 
