Forum Archive Index - October 2000
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[sharechat] FLC - as per news release
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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