15 August 2001
In line with its strategy to dispose of non-core businesses, Murray &
Roberts has concluded the sale of Harvey Fielders, a division of Harvey
Roofing Products, and reached agreement on the sale of Woodline Timber
Industries.
The sale of the business of Woodline Timber Industries to Steinhoff Southern
Cape, a subsidiary of Steinhoff Africa Holdings, has been concluded with
effect from 1 July 2001, at approximate net asset value, and subject to
Competition Commission approval.
Harvey Fielders has been sold to the MacSteel Group at approximate net asset
value, with effect from 1 August 2001.
The proceeds from both of these disposals amount to R30,7 million.
Ends
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