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AUSTRALIA'S CLOUGH LTD SET TO PROFIT FROM UNIT SELL-OFF.

Publication: AsiaPulse News
Publication Date: 24-JAN-08
Format: Online
Delivery: Immediate Online Access

Article Excerpt
SYDNEY, Jan 24 Asia Pulse - Clough Ltd (ASX:CLO) expects to book a $A13 million ($US11.34 million) profit from the sale of its subsidiary Clough Engineering & Maintenance Ltd (CEM) to Bilfinger Berger Services.

Clough said CEM was a better strategic fit with Bilfinger's operations and maintenance activities.

"This...

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