PMEA Pme African Infrastructure Opportunities Plc

TIDMPMEA

RNS Number : 6138L

PME African Infrastructure Opps PLC

29 April 2015

29 April 2015

PME African Infrastructure Opportunities plc

("PME", the "Company" and together with its subsidiaries the "Group")

(AIM: PMEA.L)

Update re Sale of Rail Assets

The Company announced on 17 April 2015 that it had entered into agreements to sell 100% of the equity of PME's wholly owned subsidiary, PME RSACO (Mauritius) Limited, the Group entity which holds the Group's 50% interest in Sheltam Holdings (Pty) Ltd, together with certain intercompany loans, and the disposal of seven C30 locomotives currently owned by PME Locomotives (Mauritius) Limited (the "Disposal").

As stated in that announcement, the Disposal was subject to certain conditions including the approval from the South African competition authorities. The Company is pleased to confirm that the necessary approval has now been received from the South African competition authorities with respect to the Disposal.

With this condition satisfied, the Company expects to complete the Disposal on or before 6 May 2015.

For further information please contact:

 
Smith & Williamson Corporate Finance Limited 
 Nominated Adviser 
 Azhic Basirov / Ben Jeynes                    +44 20 7131 4000 
 
Stifel Nicolaus Europe Limited 
 Broker 
 Neil Winward / Tom Yeadon                     +44 20 7710 7600 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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