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