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HANSON TAKES PROFIT ON ICI STAKE

 HANSON TAKES PROFIT ON ICI STAKE
 LONDON, May 8 /PRNewswire/ -- Hanson PLC (NYSE: HAN) today sold its


2.8 percent, 20 million share stake in ICI to Goldman Sachs at a net price of 14 pounds sterling ($25) per share.
 The total proceeds are 280 million pounds sterling ($500 million) against an original cost of 240 million pounds sterling ($430 million).
 Lord Hanson, chairman of Hanson PLC, said today: "Despite being one of ICI's largest shareholders, we were unable to progress any ideas of possible mutual advantage and therefore we decided we could put the funds to better use. The price is a good one for Hanson shareholders."
 -0- 5/8/92
 /CONTACT: Robert M. Brier of Hanson, 212-826-0098/
 (HAN) CO: Hanson PLC; ICI; Goldman Sachs ST: IN: SU:


GK-TQ -- NY055 -- 8149 05/08/92 14:16 EDT
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Publication:PR Newswire
Date:May 8, 1992
Words:138
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