Stobart Group Sells 47-Acres Property in Liverpool for GBP37 Million
26 May 2016 - 6:51PM
Dow Jones News
LONDON--Stobart Group Ltd. (STOB.LN) Thursday said it has sold
47 acres of a property at Speke in Liverpool for 37 million pounds
($53.6 million), plus value-added tax, to Motor Company Ltd.
(F).
The infrastructure and support services group said the sale will
result in a profit of GBP11.8 million in the current financial
year.
The sale will complete on May 31, the company said.
Shares at 0820 GMT down 0.25 pence, or 0.2%, at 120 pence
valuing the company at GBP413 million.
Write to Olga Cotaga at olga.cotaga@wsj.com, Twitter
@OlgaCotaga
(END) Dow Jones Newswires
May 26, 2016 04:36 ET (08:36 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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