Northern Engineering Industries Africa Limited
(Incorporated in the Republic of South Africa)
(Registration number (1978/001240/06)
("NEI" or "the company")
APPROVAL BY THE COMPETITION COMMISSION
Further to the announcement dated 24 July 2001, KPMG Services (Proprietary)
Limited is authorised to announce that the disposal by NEI Africa Operations
Limited ("NEI Operations") of the businesses and assets of its operating
divisions, together with the land and buildings of the property owning
companies in the NEI Operations group, as going concerns, as well as certain
specific assets of the head office division and certain specific liabilities
of the operating divisions of NEI Operations to Alstom South Africa
(Proprietary) Limited was approved by the Competition Commission on 30 July
2001.
Accordingly, all suspensive conditions have now been fulfilled.
Johannesburg
01 August 2001
Corporate advisor and sponsor Legal advisor Legal advisors to Alstom
KPMG Deneys Reitz Brink Cohen Le Roux
and Roodt Inc
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
