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Provider: Sadif Analytics Prime

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Hills Ltd updates on Fielders and Orrcon divestment

Wednesday, 29 Jan 2014 08:00pm EST 

Hills Ltd:Says on Aug. 19, 2013 it had signed interdependent agreements to sell its Fielders and Orrcon steel businesses to BlueScope for $A87.5 million.Says net cash proceeds are expected to be approximately $A80.0 million.Says the Australian Competition and Consumer Commission’s (ACCC) approved, without conditions, the sale of the Orrcon business in Dec last year.Says both transactions will now proceed to completion. 

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