Brambles to demerge Recall

Brambles Ltd will demerge its information management business, Recall, into a separate company listed on the Australian Securities Exchange, after scrapping plans last year to sell the subsidiary.

Brambles Ltd will demerge its information management business, Recall, into a separate company listed on the Australian Securities Exchange, after scrapping plans last year to sell the subsidiary.

In a statement to the ASX, the group said it still expected to meet its full-year guidance for underlying profit of between $US1.03 billion and $US1.06 billion ($A1.1262 billion to $A1.1590 billion). 

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