17th Apr 2025 16:55
Camellia PLC - Kent, England-based agriculture and engineering services firm - Notes subsidiary Goodricke Group Ltd, in which Camellia holds a 74% interest, has signed a non-binding memorandum of understanding for a proposed sale of its Leesh River tea estate. The sale is subject to due diligence, and a further announcement will be made if the disposal is completed.
This is further to Goodricke's sale of its Chulsa tea estate in February, which was valued at around INR181 million, or about GBP1.7 million. Camellia did not on Thursday disclose the potential value of the Leesh River sale.
Current stock price: 4,100.00 pence, down 1.4% in London on Thursday afternoon
12-month change: down 10%
By Emily Parsons, Alliance News reporter
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