Business
Disposal
Disposal.
About this update from Rank Group Plc
[{"type":"text","content":"\n Rank Group PLC\n05 March 2007\n\nThe Rank Group Plc\n\n- Completion of the sale of Hard Rock for US$965 million\n\n(approximately £502 million)\n\n\nFurther to its announcement of 7 December 2006 and the approval of its\nshareholders at the EGM on 8 January 2007, The Rank Group Plc confirms that it\nhas today completed the sale of its Hard Rock business to subsidiaries of the\nSeminole Tribe of Florida for US$965 million (approximately £502 million).\n\nThe increase in the sterling equivalent of the purchase price from an estimated\n£490 million on 7 December 2006 to £502 million at today's date is as a result\nof changes in exchange rates during that period.\n\n5 March 2007\n\nwebsite: www.rank.com\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange \n ","length":1038,"tagName":"div"}]