Brambles Industries PLC
31 March 2004
Brambles Industries plc
Company number: 4134697
Cleanaway enters into partnership in Dresden, Germany
We wish to advise that Cleanaway, a leading international waste management
company and part of the Brambles Group, is to enter into a partnership in
Dresden, Germany, through the acquisition of 49% of the shares of Stadtreinigung
Dresden GmbH (SRD) for a total cash consideration of €13 million.
The Dresden municipal holding company, Technische Werke Dresden GmbH, will hold
the 51% majority stake in SRD, with Cleanaway's interest to be acquired by its
wholly owned subsidiary, Cleanaway Dresden GmbH & Co. KG.
SRD holds long term contracts with the City of Dresden (running to 2020) which
include the collection of waste and recyclables. In 2003, SRD achieved sales
revenues of approximately €30M. It is expected that the administration of the
regional capital of Dresden will ratify this agreement on 8 April 2004. This
will mark the conclusion of an EU-wide tendering process.
For further information, contact:
Investor Sue Scholes, Head of Investor Relations +44 (0) 20 7659 6012
Media Richard Mountain, Financial Dynamics +44 (0) 20 7269 7291
Investor John Hobson, Head of Investor Relations +61 (0) 2 9256 5216
+61 (0) 414 239188
Media Jeannette McLoughlin, Group General +61 (0) 2 9256 5255
Corporate Communications +61 (0) 401 990425
Brambles is globally headquartered in Australia
Notes to editors
Brambles is a leading global support services provider with operations in almost
50 countries. In the year to 30 June 2003, Brambles generated approximately A$8
billion / £3 billion in revenue. It has operating assets of A$9.5 billion /
Brambles operates under a dual listed companies structure, with Brambles
Industries Limited listed on the Australian Stock Exchange and Brambles
Industries plc listed on the London Stock Exchange.
Employing almost 30,000 people worldwide, Brambles' global businesses are CHEP,
Cleanaway, Recall and Brambles Industrial Services. It also operates a number
of regional businesses: Interlake, Eurotainer and TCR.
Cleanaway is a leader in the collection, sorting, recycling, transfer and
disposal of waste, particularly in the UK, Germany and Australia. Through
Cleanaway Germany, it is one of the largest paper recycling and trading
businesses in Europe.
This information is provided by RNS
The company news service from the London Stock Exchange