BAW - Barloworld Limited - Sale of Barloworld Scie
BAW BAWP
BAW
BAW - Barloworld Limited - Sale of Barloworld Scientific Laboratory Group
Barloworld Limited
(Incorporated in the Republic of South Africa)
(Registration number 1918/000095/06)
(Share code: BAW)
(ISIN: ZAE000026639)
(Share code: BAWP)
(ISIN: ZAE000026647)
("Barloworld")
Sale of Barloworld Scientific Laboratory Group
Barloworld has signed an agreement to sell its Scientific Laboratory Group of
businesses to Nova Capital Management, the specialist acquirer of private
equity and corporate portfolios, for GBP75m. The transaction is subject to
certain suspensive conditions including regulatory approvals and is expected
to be completed by the end of November 2007.
Clive Thomson, CEO of Barloworld, said "The sale of the Laboratory business is
the final step in the disposal of the Barloworld Scientific division and
follows the disposal of Melles Griot in July 2007. This is another important
milestone in executing the strategic actions announced earlier this year to
reposition Barloworld as a focused distribution company and to unlock
shareholder value."
26 October 2007
SANDTON
Sponsor: JPMorgan
Date: 26/10/2007 09:00:01 Produced by the JSE SENS Department.
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