IPL
IPL
Imperial - Acquisition of Terex Africa
Imperial Holdings Limited
Registration number: 1946/021048/06
Share code: IPL
ISIN: ZAE000067211
("Imperial")
Acquisition of Terex Africa
Imperial is pleased to announce the acquisition of the entire issued share
capital of Terex Africa (Pty) Ltd, the distributor for Sub-Saharan Africa of a
comprehensive range of construction, mining, road building and other equipment.
Terex Africa is a wholly owned subsidiary of Terex Corporation, listed on the
New York Stock Exchange and the third largest manufacturer of mining and
construction equipment in the world.
The transaction is subject, inter alia, to the approval of the Competition
Commission.
Terex Africa, based in Johannesburg has a substantial installed base of machines
in its distribution territory with key customers including Anglo American, De
Beers, Aveng and MCC.
Imperial has extensive experience in the distribution other mobility assets such
as cars, trucks and forklifts.
Company Secretary
RA Venter
By order of the Board
4 December 2006
BEDFORDVIEW
Sponsor
Merrill Lynch South Africa (Pty) Limited
Date: 04/12/2006 03:46:31 PM Produced by the JSE SENS Department
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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
