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Article: AUSTRALIA'S MAYNE MAY DEMERGE NON-HEALTH CARE LOGISTICS.
- Article from:
- AsiaPulse News
- Article date:
- May 30, 2002
CopyrightCOPYRIGHT 2002 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)
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MELBOURNE, May 30 Asia Pulse - Mayne Group Ltd (ASX:MAY) today announced that it is considering demerging its non health care logistics activities in the second half of 2002.
The company also said that Managing Director Peter Smedley no longer plans to take up a position as company chairman.
Mr Smedley had previously said he would retire as managing director this year and become chairman.
Mayne said the de-merger assessment was aimed at allowing the group to sharpen its strategic focus on its core health business, which encompass its activities in health care, health services and pharmaceuticals.
It said that after last year's ...