50% Stake in Intersel FZE
02 Enero 2008 - 9:22AM
UK Regulatory
RNS Number:9385K
Castle Support Services PLC
02 January 2008
Issued on behalf of Castle Support Services plc by Citigate Dewe Rogerson
Date: Wednesday, 2 January 2008 Immediate Release
Castle Support Services plc
Castle establishes partnership in UAE acquiring 50% stake
Castle Support Services plc ("Castle" or "Group" or "Company") is pleased to
announce the acquisition of a 50% shareholding in Intersel FZE ("Intersel") for
a consideration in the region of �1.6m.
Based in Dubai, UAE, Intersel employs 40 engineers operating from a 1700 sq
metre property providing electro-mechanical services to the oil, gas, and power
generation sectors, predominantly within the Middle East territories.
Tudor Davies, Director, Castle Support Services plc commented:
"In-line with our stated strategy, this underpins our commitment to the energy
and power generation sectors particularly in this important region."
"As well as creating a stronger local profile for the Group in the Middle East
it will provide Intersel's existing customers with access to the wider skills
and capabilities that an international Group can deliver effectively."
Enquiries:
Castle Support Services plc
Tudor Davies, Director +44 (0) 121 766 6161
Simon Balem, Company Secretary +44 (0) 121 766 6161
www.castlesupportservices.com
-------------------------------
Citigate Dewe Rogerson
Fiona Tooley +44 (0) 121 455 8370
Strand Partners Limited Nominated Adviser
Matthew Chandler +44 (0) 207 409 3494
This information is provided by RNS
The company news service from the London Stock Exchange
END
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