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Basil Read Holdings Ltd Updates On Disposal Of 100% Of TWP Holdings (pty) Ltd To WorleyParsons Ltd's WorleyParsons RSA (pty) Ltd


Wednesday, 6 Mar 2013 04:13am EST 

Basil Read Holdings Ltd announced that with reference to the announcement dated October 23, 2012, the agreement entered into between Basil Read and WorleyParsons RSA (Pty) Ltd (WorleyParsons SA), a subsidiary of WorleyParsons Ltd, whereby WorleyParsons SA will acquire the entire issued share capital held by Basil Read in TWP Holdings (Pty) Ltd (TWP), for a cash consideration of ZAR900 million, hereinafter the Proposed Transaction. Using the terms as defined in the circular, Basil Read shareholders are advised that all the conditions precedent relating to the Proposed Transaction have been fulfilled. 

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