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HANSON SELLS ITS BEAZER AUSTRALIAN INTERESTS FOR A$32.5 MILLION (US$24.8 MILLION) CASH

 HANSON SELLS ITS BEAZER AUSTRALIAN INTERESTS
 FOR A$32.5 MILLION (US$24.8 MILLION) CASH
 LONDON, April 14 /PRNewswire/ -- Hanson PLC (NYSE: HAN) announced today that it has sold Beazer's Australian construction and property interests, primarily in New South Wales and Queensland, for A$32.5 million (US$24.8 million) cash to B & B Asia Ltd, a Hong Kong quoted company controlled by Bilfinger and Berger, the major German construction company. Hanson acquired Beazer PLC in December 1991.
 The sale included a 50 percent property interest in a development project in Brisbane, together with retirement home investments from which Beazer will receive about A$8 million (US$6.1 million) when sold by the new owners.
 Hanson PLC is a British-American industrial management corporation. In the United States, Hanson Industries' operations include SCM Chemicals, Peabody Coal and Powder River Coal, Cavenham Forest Industries, Beazer, Jacuzzi, Grove Crane, Ames Tools, Endicott Johnson Footwear, Hanson Lighting Group, Kaiser Cement, Weber Aircraft, Farberware Cookware, and Gold Fields Mining, among others.
 In the United Kingdom, Hanson's holdings include Imperial Tobacco, ARC Aggregates, London Brick, Butterley Brick, and Smith Meters.
 -0- 4/14/92
 /CONTACT: Robert M. Brier of Hanson Industries, 212-826-0098/
 (HAN) CO: Hanson PLC ST: IN: SU: TNM


GK -- NY029 -- 8135 04/14/92 09:55 EDT
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Publication:PR Newswire
Date:Apr 14, 1992
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