Tarmac acquires 23% of Johnston Group plc
19 December, 2002
Tarmac Limited, a wholly owned subsidiary of Anglo American plc, has today agreed to acquire 2,502,236 ordinary shares in Johnston Group plc, a construction materials and engineering group, representing approximately 23.04% of the company, from TT electronics plc. The price to be paid is 425 pence per share in cash amounting to a total of £10.6 million.
Notes to Editors:
Anglo American plc is one of the world's largest mining and natural resource groups. With its subsidiaries, joint ventures and associates, it is a global leader in gold, platinum group metals and diamonds, with significant interests in coal, base and ferrous metals, industrial minerals and forest products. The group is geographically diverse, with operations in Africa, Europe, South and North America and Australia. (www.angloamerican.co.uk)
Johnston Group plc is a construction materials and engineering group. Its principal activities are the manufacture of road sweepers and related equipment and the production of aggregates and asphalt, from two quarries and two asphalt plants in the West Midlands. It also manufactures concrete and glass reinforced pipes.
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