Redland has launched the restructuring of its world-wide operations with the sale of its European tile operations to Braas, its German subsidiary. The sale raised £220m in cash and increased Redland’s stake in Braas to 56.5 %. The brick business is also expected to be sold by the end of April. All monies raised will be used for acquisitions.
- Financial Times 17/04/96 page 30
- Times 17/04/96 page 27
- Guardian 17/04/96 page 19
- Daily Telegraph 17/04/96 page 24
- Independent 17/04/96 page 22
