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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. 

Company Quote

1.61
-0.01 -0.62%
1 Sep 2014