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EVZ LIMITED — Capital/Financing Update 2012
Mar 25, 2012
64889_rns_2012-03-25_b0349b7f-108b-49a0-90f0-5af843a28234.pdf
Capital/Financing Update
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26 March 2012
The Manager Company Announcements Office Australian Stock Exchange Limited 20 Bridge Street SYDNEY NSW 2000
Dear Sir/Madam
Sale of National Engineering Business
The Directors of EVZ Limited are pleased to announce that they have concluded an agreement for the sale of the business of National Engineering Pty Ltd to National Engineering Young Pty Ltd.
The agreement provides for the ongoing employment of all existing employees of National Engineering Pty Ltd and the continuity of operations in Young NSW. The detailed terms of the sale remain commercial in confidence.
A provision for the divestment of National Engineering Pty Ltd was taken up in the accounts to 31 December 2011 and it is anticipated that the final outcome of the divestment will provide a better outcome than previously provided for. The sale of the National Engineering business is a key component of the go forward strategy for the EVZ Group.
For further information, please contact:
Raelene Murphy Interim Chief Executive Officer EVZ Limited Tel: +61-3 9545 5288 Mobile: +61- 415 380 077 Email: [email protected]
About EVZ Limited (ASX: EVZ)
EVZ is an industrial group with a portfolio of specialist businesses in the engineering services sector. EVZ operates in the areas of engineering, power and water through its businesses – Brockman, Syfon Systems, TSF Engineering/ Maintenance and EVZ Energy. These businesses have strong positions in their respective markets with attractive growth opportunities. For further information, please visit: www.evz.com.au
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