Update on disposal of major investment (5572A)
02 Febrero 2011 - 6:42AM
UK Regulatory
TIDMDBAY
RNS Number : 5572A
Douglasbay Capital PLC
02 February 2011
DouglasBay Capital plc (the "Company")
Update on disposal of major investment
On 29 November 2010 DouglasBay Capital plc ("DBay") announced
the disposal of its largest investment, the logistics business TDG
to Group Norbert Dentressangle. The sale is conditional upon
competition clearance by the European Commission. DBay announced
that approval and completion of the transaction was expected
between mid January and mid February 2011. DBay confirms that the
European Commission has requested further information from the
parties to assist its review of the transaction. Completion of the
acquisition of TDG's holding company Laxey Logistics Limited is
likely to take place in mid-March. No material change to the
overall consideration payable to DBay will arise as a result of
this delay in completion.
For more information, please contact:
DouglasBay Capital plc 01624 690 900 Alex Paiusco, Chief
Executive Peel Hunt Limited, Nominated Adviser and Broker 020 7418
8893 Guy Wiehahn
This information is provided by RNS
The company news service from the London Stock Exchange
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