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Brambles intends to divest recycled pallets business in North America

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  1. Aug 11 (Reuters) - Brambles Ltd (BXB) :

    • To declare a US$243.8 million non-cash impairment of CHEP recycled assets
    • Non-cash impairment of chep will be recognised in FY17 accounts as a significant item in discontinued operations
    • As part of transaction, approximately 2,200 employees who work for CHEP sites will transfer to new ownership on completion of sale
    • Announces its intention to divest recycled pallets business in North America
    • 1,400 employees will remain with group to manage American sites
    Discuss this via BXB

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