Regulatory clearance received for Copper Tube disposal - 8 November 2002
IMI plc today announces that German regulatory clearance has been received with respect to the sale of its Copper Tube business to KM Europa Metal AG (KME) and that completion will take place on 29 November 2002.
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Information about IMI plc can be found on the website: www.imiplc.com
For further information contact:
IMI plc
Graham Truscott, Communications Director
Tel: 0121 332 2330
Weber Shandwick Square Mile
Peter Corbin
Tel: 020 7950 2800
Note to editors:
IMI plc is a dynamic international engineering business specialising in innovative solutions and services for a wide range of industrial and retail customers. Its future growth is being built on the two business areas of Fluid Controls and Retail Dispense.
IMI's operations in these two business areas share the following core characteristics: strong market positions in growing markets; the ability to be clearly differentiated from their competitors through technological innovation or after-sales service; and the provision of 'added value' solutions through bespoke solutions rather than a high manufacturing or material content.
IMI is quoted on the London Stock Exchange and is capitalised at approximately £1 billion.
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