Hanson may list local unit on Australian Exchange

Hanson may list local unit on Australian Exchange
Published: 09 July 2009

Hanson Ltd may list its local unit on the Australian stock exchange, the Australian Financial Review reported.

The listing may occur later this year or in early 2010, with HeidelbergCement AG to retain a 50.1 per cent stake, the newspaper said in its Street Talk Column.

Deutsche Bank AG has been appointed by HeidelbergCement to conduct an asset review to help pay down debt, the newspaper reported. Hanson Australia has been valued at as much as A$2.7bn (US$2.1bn) by analysts, the Review said.