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Name | Symbol | Market | Type |
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Hsbc Bk.22 | LSE:49IA | London | Medium Term Loan |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
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0.00 | 0.00% | 0 | - |
RNS No 2251d PACIFIC DUNLOP LIMITED 1st June 1998 ANSELL INTERNATIONAL IN MAJOR INDIAN ACQUISITION Ansell International, a division of Pacific Dunlop Limited, is set to acquire a 74.9 per cent shareholding in leading Indian medical glove manufacturer Kemwell International Limited for US $7.5 million. The acquisition, by public offer and private agreement in India, will provide significant further low-cost export capacity for Ansell and will extend its presence in the very large Indian domestic medical glove market. The acquisition is in two parts: * The acquisition of between 51.49 per cent and 54.44 per cent of the issued shares pursuant to the terms of a negotiated share purchase agreement; and * The acquisition of up to 23.41 per cent of the issued shares in Kemwell held by the general public pursuant to the terms of a public share offer. Kemwell sales for the 1998 financial year were about US$8 million. Ansell also has a 50-50 joint venture in India with Raymond Limited. The business has 25 per cent of India's domestic branded condom market and a manufacturing plant at Aurangabad. For further information: John Hine General Manager Corporate Affairs Pacific Dunlop Limited 613 9270 7270 61 0412 254 952 END ACQAILFDRIILIAT
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