REG - Intermediate Capital - Disposal
3 May 2013
Intermediate Capital Group plc announces a significant capital gain
Intermediate 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 Stanlake
Investor Relations, ICG plc
+44 (0) 20 3201 7880
Media Enquiries:
Neil Bennett / Tom Eckersley / Andrea Coleman
Maitland
+44 (0) 20 379 5151
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(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 the
information contained therein.
Source: Intermediate Capital Group plc via Thomson Reuters ONE