Taylor Woodrow PLC - Disposal to Alexander Russell
May 24 2000 - 3:49AM
UK Regulatory
RNS Number:1088L
Taylor Woodrow PLC
24 May 2000
TAYLOR WOODROW EXITS MINERAL OPERATIONS
Taylor Woodrow plc, the international developer, today
announced the sale of its minority shareholding in The Fife
Sand and Gravel Company Limited to the majority shareholder,
Alexander Russell plc for approximately #1 million paid in
cash.
This disposal follows the sale of Greenham Construction
Materials Limited in March 2000 and completes the disposal of
the Company's minerals operations. The sale will allow the
Company to concentrate on its core activities of international
housing and property development, supported by focussed
construction expertise
Enquiries:
Analysts
David Green
Tel: 00 44 (0)20 7629 1201
Media and other
Nicholas Jones
Tel: 00 44 (0)20 7629 1201
END
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