Total Produce Plc Total Produce completes sale of Capespan for ?22m (0567D)
24 April 2013 - 4:00PM
UK Regulatory
TIDMTOT
RNS Number : 0567D
Total Produce Plc
24 April 2013
Stock Exchange Announcement
Total Produce completes sale of Capespan Shareholding for
EUR22m
Total Produce plc, Europe's leading fresh produce company, is
pleased to announce that it has completed the sale of its 25.3%
shareholding in Capespan Group Limited ("Capespan Group") to Zeder
Financial Services Limited ("Zeder") for a cash consideration of
EUR22 million.
On 17 April 2013 Total Produce announced that it had entered an
agreement to sell its shareholding following the receipt of an
offer from Zeder and the completion by Total Produce of a strategic
review of the long term benefits of holding a minority stake.
The sale will give rise to a profit on disposal for Total
Produce of an estimated EUR0.4 million, and the cash proceeds will
be used in the continued expansion of the group.
24 April 2013
For further information, please contact:
Brian Bell, Wilson Hartnell PR
Tel: +353-1-669 0030
Ivan Murphy, Davy Corporate Finance
Tel: +353-1-679 6363
This information is provided by RNS
The company news service from the London Stock Exchange
END
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