BAW
BAW
BAW - Barloworld Limited - Sale of Melles Griot
Barloworld Limited
(Incorporated in the Republic of South Africa)
(Registration number 1918/000095/06)
(Share code: BAW)
(ISIN: ZAE000026639)
("Barloworld")
Sale of Melles Griot
Barloworld is pleased to announce signature of the sale agreement for the
disposal of its Melles Griot business to CVI Laser, a portfolio company of
Norwest Equity Partners. The business will be sold for a small premium over
tangible net asset value. Completion of the deal is subject to certain
suspensive conditions.
Clive Thomson, CEO of Barloworld, said "The sale of Melles Griot is another
step towards our goal of transforming Barloworld into a focussed
distribution business. We continue to make good progress on our announced
strategic actions and steps to enhance shareholder returns."
For more information contact:
Barloworld Head of Investor Relations, Rowan Goeller:
Ph +27 11 445 1300
email rowang@barloworld.com
2 May 2007
Sandton
Sponsor: JPMorgan Equities Limited
Date: 02/05/2007 11:01:38 Produced by the JSE SENS Department.
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