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[sharechat] FLC - as per news release


From: sky@paradise.net.nz
Date: Mon, 9 Oct 2000 22:21:41 GMT


Recommendations to Shareholders:

Building Division
 Will be separated as a stand-alone publicly listed entity 
named Fletcher Building

Forests Division
 Will be a stand-alone publicly listed entity named 
Fletcher Challenge Forests

Energy Division
       Will be sold to Shell and Apache Corporation for 
total transaction value of $4.6 billion (US$1.84 billion)

And a new New Zealand-based company, Rubicon 
      Will be established to commercialise selected 
emerging technologies 
      Will play a key role in facilitating the Group 
restructuring process



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