Disposal Of The Main Pipesystems Division Of Murra
Murray & Roberts Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1948/029826/06)
("the Company")
DISPOSAL OF THE MAIN PIPESYSTEMS DIVISION OF MURRAY & ROBERTS LIMITED
In an announcement dated 6 April 2001, shareholders were advised that,
subject to the approval of the Competition Commission, the Company's wholly
owned subsidiary, Murray & Roberts Limited ("M&R") had concluded an
agreement in terms of which the Main Pipesystems division of M&R had been
sold as a going concern with effect from 1 March 2001.
Shareholders are now advised that the unconditional approval of the
Competition Commission has been received and that the disposal proceeds
amounting to R 173,8 million (including interest for the period 1 March 2001
to payment date) have been received by M&R.
Bedfordview
8 July 2001
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