Bidders Queue for Brambles Asset Sale

Date: March 19, 2006

Source: Company News

Brambles is preparing to sell its Cleanaway and Industrial Services businesses. It is estimated that the two businesses have a combined value of $1.3 billion.

Cleanaway is a waste management company. Industrial Services operates large mining and steel sites. Each business generates long-term, stable cash flows and are in growth industries. A number of large private equity firms have been considering bids on the businesses.

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