THE WEIR GROUP PLC
29 JULY 2011
Weir agrees sale of Cathcart, Glasgow site to Clyde Union
The Weir Group PLC has agreed to sell its former Weir Pumps site at Cathcart,
Glasgow to Clyde Union for £25m.
The property has been leased from the Weir Group by Clyde Union since it
acquired the Weir Pumps, Glasgow business in May 2007 for approximately £45m.
Completion of the site sale is scheduled prior to 31 December 2011.
Keith Cochrane, chief executive of Weir, commented: "The deal to sell our
Cathcart site makes sense for both the Weir Group and Clyde Union. We are
pleased that the sale will support the future of the Clyde Union business as
they continue to provide employment at engineering and manufacturing operations
in Glasgow."
ENDS
Contact details:
The Weir Group PLC
Jonathan Milne, Communications Manager
Tel: Â Â Â Â 0141 308 3781
Mobile: Â 0771 378 9536
Maitland
Suzanne Bartch
Rowan Brown
Tel: Â Â Â Â Â 020 7379 5151
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: The Weir Group PLC via Thomson Reuters ONE
[HUG#1534962]
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.