Business
Disposal of SyAqua Mexico
Disposal of SyAqua Mexico.
About this update from Genus Plc
[{"type":"text","content":"\n Genus PLC\n04 October 2007\n\n\n\n\nFor Immediate Release 4 October 2007\n\n Genus plc\n \n Disposal of SyAqua Mexico\n \n\nGenus plc, a world leading animal genetics company, is pleased to announce the \ndisposal of its SyAqua Mexico shrimp business for a total consideration of $2.6m \n(£1.3m) in cash.\n\nFor the year ended 30 June 2007, SyAqua Mexico generated turnover of £2.4m and \nan operating profit of £0.5m with net assets of £0.8m.\n\nCommenting on the disposal Richard Wood, Chief Executive, said 'We are\ncontinuing to implement our strategy for non-core business disposals, and the\nthree SyAqua shrimp businesses in Brazil, Thailand and Mexico have now been\nsold.'\n\n\n\nFor further information please contact:\n\nGenus plc Tel: 01256 345970\nRichard Wood, Chief Executive\nMartin Boden, Finance Director\n\nBuchanan Communications Tel: 020 7466 5000\nCharles Ryland / Suzanne Brocks\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"}]