ATN RLO ATNP RLZP
ATN RLO
RLO/RLZP - ATN/ATNP - Reunert/ Altron - Merge Telecoms Cable Businesses
Reunert Limited
(Incorporated in the Republic of South Africa)
Reg. No. 1913/004355/06
Share code : RLO
ISIN : ZAE000057428
Share code: RLZP
ISIN : ZAE000005930
("Reunert")
Allied Electronics Corporation Limited
(Incorporated in the Republic of South Africa)
(Registration number 1947/024583/06)
Share Code : ATN & ISIN: ZAE000029658
Share Code : ATNP ISIN: ZAE000029666
("Altron")
REUNERT AND ALTRON MERGE TELECOMS CABLE BUSINESSES
The telecommunications cable manufacturing businesses and assets of Reunert and
Altron will merge on 1 February 2007 following the approval of the proposed
merger by the Competition Tribunal.
The merged entity, to be known as CBi-electric Aberdare ATC Telecom Cables ("new
company"), will be located at and operate from the existing Reunert
facility in Brits, North West Province.
This new company will have state-of-the-art assets, utilising the best equipment
of the merged entities, and will be capable of producing the entire
spectrum of copper and optical fibre telecommunications cables. The assets
located at the Aberdare facility in Port Elizabeth will be moved to Brits
over time. With the available capacity, the new company will be able to
serve the local fixed line telecom operators as well as pursuing
opportunities outside South Africa, specifically in Africa.
The current managing director of CBi-electric: Telecom Cables, Koos Vorster,
will head up the new operation. The operation will be jointly controlled
by Reunert and Altron, through their respective subsidiaries and their
empowerment partners.
For more information contact:
Reunert
Carina de Klerk
011 517 9000
083 631 5743
Altron
Salome Brown
011 645 3600
083 2331333
Johannesburg
31 January 2007
Date: 31/01/2007 16:44:01 Produced by the JSE SENS Department.
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