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AWB Sells Futuris Stake
SYDNEY - Dec 9/04 - SNS -- The Australian wheat board, AWB Limited sold its 14.9% shareholding of Futuris ordinary shares (98 million ordinary shares) on market realizing a net profit after tax of approximately $42 million.
AWB Managing Director Andrew Lindberg said the Futuris stake was a strategic investment for AWB and since the initial investment in Futuris in September 2002, AWB has received $14.9 million in dividends.
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