CLO clough limited
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News: Clough stake possible sale

  1. FNN News
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    06/01/12
    12:17
    Post #: 9517064
    .


    Engineering and construction company Murray & Roberts Holdings has told Deal Journal Australia it may sell its stake in Australian engineering firm Clough Limited (ASX:CLO).



    The South African company is reportedly looking to raise funds to weather the global recession from the sale of its 62 per cent stake.



    A final decision to sell has not yet been made.



    Clough made a net profit of $33 million for the year to June 30, 2011.


    CLO Price at posting: 67.0¢ Sentiment: None Disclosure: Held
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