|
|
Article: AUSTRALIA'S BRAMBLES SELLS TANK CONTAINER ASSETS.
- Article from:
- AsiaPulse News
- Article date:
- December 22, 2005
CopyrightCOPYRIGHT 2005 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
SYDNEY, Dec 22 Asia Pulse - Brambles Industries Ltd (ASX:BIL) has sold its specialised tank container assets in the first sale since the logistics group announced plans to divest a big chunk of its businesses last month.
Brambles has sold the assets to European container Groupe Ermewa for 89 million euro ($A144 million).
The sale comprises Brambles owned iso-tank container fleet, as well as Brambles' 50 per cent interest in Eurotainer SA, a management services company, and Eurotainer Finance SAS.
The transaction is subject to approval from the relevant competition authorities in ...