ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for monitor Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.

SVW Seven Group Holdings Limited

38.19
-0.32 (-0.83%)
19 Jun 2024 - Closed
Delayed by 20 minutes
Share Name Share Symbol Market Type
Seven Group Holdings Limited ASX:SVW Australian Stock Exchange Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.32 -0.83% 38.19 38.00 38.50 38.74 38.02 38.43 1,243,131 09:34:40

Seven Group Says WesTrac Acquires Bucyrus Units For US$400 Million

12/04/2012 1:33am

Dow Jones News


Seven (ASX:SVW)
Historical Stock Chart


From Jun 2019 to Jun 2024

Click Here for more Seven Charts.

Seven Group Holdings Ltd. (SVW.AU) said Thursday that its WesTrac heavy machinery unit has agreed to buy the Bucyrus distribution and support businesses from Caterpillar Inc. (CAT) in several parts of Australia for about US$400 million.

WesTrac will acquire the Bucyrus units in Western Australia and New South Wales states and in the Australian Capital Territory in a deal to be funded via a new five-year debt facility.

Discussions are continuing with Caterpillar in relation to the Bucyrus distribution and support businesses in the WesTrac dealership territories in China, Seven Group said.

It said WesTrac estimates annual revenues for the Bucyrus business to be A$600 million to A$650 million for the 2013 financial year.

-By Ross Kelly, Dow Jones Newswires; 61-2-8272-4692; Ross.Kelly@dowjones.com

1 Year Seven Chart

1 Year Seven Chart

1 Month Seven Chart

1 Month Seven Chart