BAW
BAW
BAW - Barloworld - Disposal Of Melles Griot
Barloworld Limited
(Incorporated in the Republic of South Africa)
(Registration number 1918/000095/06)
(Share code: BAW)
(ISIN: ZAE000026639)
("Barloworld")
DISPOSAL OF MELLES GRIOT
Barloworld is pleased to announce closure of the sale agreement for the
disposal of its Melles Griot business to CVI Laser, a portfolio company of
Norwest Equity Partners. The sale price will be subject to final working
capital adjustments but will be close to tangible net asset value. 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."
FURTHER INFORMATION
For further information contact Sibani Mngomezulu, Head of Investor
Relations at Barloworld:
phone +27 11 445 1433,
email sibanim@barloworld.com
25 July 2007
Sponsor
JPMorgan Equities Ltd
Date: 25/07/2007 14:31:37 Produced by the JSE SENS Department.
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