Business
Intermediate Capital Group plc : Disposal and r...
Intermediate Capital Group plc : Disposal and r....
About this update from Icg Plc
[{"type":"text","content":"\n Intermediate Capital Group plc : Disposal and related capital gain announcement - 03 May 2013REG - Intermediate Capital - Disposal3 May 2013Intermediate Capital Group plc announces a significant capital gainIntermediate Capital Group plc (\"ICG\") has agreed to sell its stake in Allflex Holdings, the manufacturer and distributor of electronic animal identification tags. Completion of the transaction is conditional upon consultation with the relevant works council in France and certain regulatory approvals. If completed, the transaction will generate total proceeds of approximately US$181 million for ICG, and will result in a realised capital gain for ICG of approximately US$167 million.Investor Enquiries: Ian StanlakeInvestor Relations, ICG plc+44 (0) 20 3201 7880Media Enquiries:Neil Bennett / Tom Eckersley / Andrea ColemanMaitland+44 (0) 20 379 5151This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.The owner of this announcement warrants that:(i) the releases contained herein are protected by copyright and other applicable laws; and(ii) they are solely responsible for the content, accuracy and originality of theinformation contained therein.Source: Intermediate Capital Group plc via Thomson Reuters ONEHUG#1699088\n \n ","length":2111,"tagName":"div"}]