Business
Sale of Agricultural Asset
Sale of Agricultural Asset.
About this update from Beacon Energy Plc
[{"type":"text","content":"\n \nRNS Number : 5902E Clean Energy Brazil PLC 01 June 2012 \n \n\nClean Energy Brazil PLC\n(\"CEB\" or the \"Company\")\n \nSale of Agricultural Assets\n \nClean Energy Brazil plc (\"CEB\") is pleased to announce that it has entered into a contract to sell its entire interest in Unialco M/S to Unialco S/A for US$16.5 million, subject to the payment of extension fees to be paid on set dates, typically monthly. CEB will transfer its shares in Unialco M/S to Unialco S/A once all installment payments, including any relevant extension fee payments, are made. An installment payment of US$500k was made on May 31 2012. CEB will provide periodic updates on the progress of the installment payments with completion currently expected no later than August 2014. Unialco M/S is CEB's last remaining investment. \n \n \nFurther enquiries:\nIOMA Fund & Investment Management Limited (Administrator)\nPhilip Scales Tel: +44 (0)1624 681250 \n \nSinger Capital Markets (Nominated Adviser) \nClaes Spang ` Tel: +44 (0) 203 205 7500\n \n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END DISLFLLXLEFBBBD\n ","length":3136,"tagName":"div"}]