Disposal
02 December 2005 - 3:09AM
UK Regulatory
RNS Number:0090V
PGI Group PLC
01 December 2005
PGI Group plc
("PGI" or "the Group")
Completion of disposal of PT Air Muring
On 4 November 2005, PGI announced that the Group had entered into a conditional
agreement to dispose of the whole of its shareholding in PT Air Muring to PT
Huma Indah Mekar for a total consideration of US$6,295,000, payable in cash on
completion.
PGI today announces that the conditions in relation to the agreement have been
satisfied and the disposal has completed. This completes the Group's strategic
withdrawal from Indonesia to concentrate its Food Division on Southern Africa.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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