Information  X 
Enter a valid email address

Brambles Industries (BI.)

  Print      Mail a friend

Tuesday 07 May, 2002

Brambles Industries

Disposal

Brambles Industries PLC
7 May 2002





BRAMBLES ANNOUNCES SALE OF JARDINE SHIPPING ASSETS





Brambles Australia Limited has today sold certain assets relating to its
Cairns-based coastal shipping service, Jardine Shipping, to a private investor.
The consideration for the sale of approximately A$13 million has been received
in cash.  The coastal shipping business earned revenue of approximately A$18
million in the financial year ended 30 June 2001.  The sale will not have a
material effect on the Group's earnings.



Brambles continues to pursue its marine activities through Brambles Shipping
(the major freight carrier between Tasmania and mainland Australia).





7 May 2002





For further information, contact:


London

Media:              Richard Mountain, Financial Dynamics    +44 (0) 20 7831 3113
Investor and Other: Sue Scholes, Head of Investor Relations +44 (0) 20 7659 6012



Sydney

All Enquiries:      Ron Burke                               +61 (0) 2 9256 5255
                    Group General Manager, Corporate Affairs
                    Edna Carew
                    Group Manager Communications            +61 (0) 2 9256 5204






 The Brambles Industries Group is globally headquartered in Sydney, Australia.



                      This information is provided by RNS
            The company news service from the London Stock Exchange