AI assistant
SGH LIMITED — Capital/Financing Update 2012
Nov 14, 2012
65777_rns_2012-11-14_9951d7b8-5133-46e6-bb47-4fb44260bef2.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
==> picture [216 x 48] intentionally omitted <==
15 November 2012
Seven Group Holdings and Carlyle to undertake strategic review of ownership in Coates Hire
In response to recent enquires, Seven Group Holdings Limited (SGH) and The Carlyle Group (Carlyle) are jointly undertaking a strategic review of their ownership alternatives in relation to Coates Hire Limited (Coates Hire).
SGH and Carlyle have appointed Goldman Sachs to co-ordinate the strategic review, which will commence immediately and is expected to take several months to reach a conclusion. Goldman Sachs will be assisted by CICC in China and Nomura in Japan. SGH and Carlyle will make further announcements as and when appropriate.
Coates Hire is Australia's largest equipment hire company with over 125 years’ experience in the industry, and over 200 branches and satellite locations across Australia serving a wide variety of markets including Engineering, Building Construction and Maintenance, Mining and Resources, Manufacturing, Government, and Events. For the twelve months ending 30 June 2012, Coates Hire earned revenues of A$1.3 billion.
Enquiries:
Christian Johnston Ed Wittig Goldman Sachs Goldman Sachs (03) 9679 1144 (02) 9320 1021
==> picture [25 x 27] intentionally omitted <==
==> picture [79 x 29] intentionally omitted <==
Seven Group Holdings Limited | ABN 46 142 003 469
38-42 Pirrama Road | Pyrmont NSW 2009 Australia | Postal Address: PO Box 777 | Pyrmont NSW 2009 Australia Telephone +61 2 8777 7777 | Facsimile +61 2 8777 7192