AI assistant
ALS LIMITED — Capital/Financing Update 2010
Nov 18, 2010
64365_rns_2010-11-18_f349468e-01d1-40b9-9b23-d56db7e602fd.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
==> picture [168 x 68] intentionally omitted <==
asx/media release
19 November 2010
Regulatory clearance obtained for Cleantec divestment
Campbell Brothers Limited (ASX code: CPB) has announced that the Australian Competition and Consumer Commission has confirmed it does not object to the proposed sale of its chemical and cleaning solutions business (“Cleantec”) to Ecolab Pty Ltd, a subsidiary of Ecolab Inc, a US-listed cleaning and sanitation products and services company (NYSE: ECL).
This removes the last external condition and the transaction is now scheduled to complete on 1 December 2010.
Cleantec is currently reported within Campbell Brothers’ Chemicals division. Campbell Brothers will retain the other Chemicals division business units, including Deltrex Chemicals and Panamex Pacific. The transaction will not impact Campbell Brothers’ existing first half 2011 profit guidance.
J.P. Morgan Australia Limited is acting as financial adviser and Minter Ellison is acting as legal adviser to Campbell Brothers.
-ENDS-
Further information: Greg Kilmister Managing Director Campbell Brothers Limited +61 (7) 3367 7900