Business
Disposal of investment
Disposal of investment.
About this update from Camellia Plc
[{"type":"text","content":"\n Camellia PLC\n18 April 2007\n\n\n Camellia Plc\n\n\n Disposal of Investment\n\n\n18th April 2007\n\nGetaz Romang Holding AG ('Getaz Romang'), a company listed on the Swiss Stock\nExchange in which Lawrie International Limited ('Lawrie'), a Bermudian wholly\nowned subsidiary of Camellia Plc, holds 12,340 shares (approximately 2.50%) has\nbeen the subject of a successful public tender offer by CRH Europe Holding BV\n('CRH'). Getaz Romang is a leading buildings material distributor in\nSwitzerland.\n\nCRH has announced that it now controls 96.79% of the share capital of Getaz\nRomang but that the offer remains open subject to the fulfillment of certain\nprocedural conditions with the offer expected to be settled on 18th May 2007.\n\nLawrie expects to receive at present exchange rates approximately £5.8million\nfor its shares in Getaz Romang of which around £4.9million is profit. Part of\nthe proceeds will be used by Lawrie to reduce bank borrowings.'\n\n\nFor further enquiries please contact Camellia Plc\nMalcolm Perkins, Chairman\n01622 746655\n18th April 2007\n\n\n\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange\n \n ","length":1293,"tagName":"div"}]