Completes Sale of Bradken Resources Division

Document date:  Mon 24 Dec 2001
Published:  Mon 24 Dec 2001 00:00:00
Document No:  185293
Document part:  A
Market Flag:  N
Classification: 

SMORGON STEEL GROUP LIMITED.                  2001-12-24  ASX-SIGNAL-G

HOMEX - Melbourne                                                     

+++++++++++++++++++++++++
Smorgon Steel Group Limited (SSX) today completed the previously
armounced sale of its Bradken heavy engineering and resources
business to a consortium headed by Sydney based Castle Harlan
Australian Mezzanine Partners Pty Ltd (CHAMP).

Managing Director and Chief Executive, Mr Ray Horsburgh said, "We are
happy with the outcome of this sale process to CHAMP. All of the
funds received will be used to reduce debt".


D Roem 
GROUP GENERAL MANAGER 
Strategy & Business Planning