Business
Completion of disposal
Completion of disposal.
About this update from Synthomer Plc
[{"type":"text","content":"\n RNS Number : 9189M Yule Catto & Co PLC 02 June 2010 \n \n\n \n2 June 2010\n \nYule Catto & Co plc\n \nCompletion of disposal\n\n \nYule Catto & Co plc (\"the Group\") is pleased to announce that its joint venture subsidiary, Revertex (Malaysia) Sdn Bhd, has completed the sale of Revertex Finewaters Sdn Bhd to H B Fuller Company.\n \nThe disposal, announced on 12 March 2010, was conditional on approval from the Malaysian regulatory authorities, which has now been obtained.\n \nThe consideration of Malaysian Ringgit 55.6 million (£11 million) received by the Group for its 63% effective interest, representing an 8x multiple of EBITDA in 2009, has been used to reduce the Group's borrowings.\n \n- Ends -\n \n \nEnquiries:\n \n\n\n\n\nYule Catto & Co plc\n\n\nTel: 01279 442791\n\n\n\n\nAdrian Whitfield, Chief Executive \n\n\n\n\n\n\n\nDavid Blackwood, Finance Director \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nHogarth \n\n\nTel: 020 7357 9477\n\n\n\n\nJohn Olsen\n\n\n\n\n\n\n\nAndrew Jaques\n\n\n\n\n\n\n\nIan Payne\n\n\n\n\n\n\n\n \n \n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END DISUGUUAQUPUUMP \n ","length":4093,"tagName":"div"}]