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Brambles Responds to Media Speculation

16 May 2022  |  08:48:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Response to media speculation

Brambles noted media articles relating to a potential bid by CVC Capital Partners (CVC) for the Company. The Company confirms that it has had a preliminary engagement with CVC in regard to an unsolicited proposal to acquire all of the shares in the Company. It notes the engagement is preliminary, incomplete and there has been no formal proposal received from CVC. It also notes that there is no certainty that the engagement will lead to a binding proposal being received from CVC. The Board and management remain focused on implementing the Shaping its Future transformation plan, which builds on the strength of iots sustainable business model to transform the business and unlock value for customers and shareholders.

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